LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 14.11.1996.
CASH OD CASH DO 3 MJE OD 3 MJE DO NAGODBA
BAKAR USD/T 2090 2091 2015 2018 2091
KOSITAR USD/T 5930 5940 5970 5975 5940
OLOVO USD/T 718 719 726 726,5 718
CINK USD/T 1038 1038,5 1058,5 1059 1038,5
ALUMIN. USD/T 1406 1407 1432 1432,5 1407
NIKAL USD/T 7045 7050 7140 7145 7050
AL.LEG. USD/T 1262 1267 1292 1295 1267
VALUTE ODNOS
USD/DEM 1.5055
GBP/USD 1.6652
LME copper softer at midday, stocks in spotlight
LONDON, Nov 14 (Reuter) - LME copper zig-zagged lower on
Thursday as the market remained skittish over reports of massive
unreported stocks overhanging the market.
Many players stood aside as prices lurched down to a low of
$2,013 per tonne, down from Wednesday's kerb close of $2,060.
But prices managed to bounce off the lows and end $27 easier
at $2,033.
Volume in the official copper ring was tiny as players
remained jittery over reports that as much as half a million
tonnes of copper may be hidden in Rotterdam bonded warehouses.
"The market was a bit overbought and maybe needed a
correction anyway, but I think it (reports of hidden stocks) has
spooked the market. The turnover was 80-100 lots, that's
nothing," one floor trader said.
"No one really believes it and if there are no more
developments after a few days the market will forget it," he
added.
During trading, the LME issued a statement saying that it
had no control over stocks outside its warehouse system.
The market expects a further draw in LME stocks on Friday
after inventories fell by 4,225 tonnes on Tuesday, but traders
offered varied estimates from 4,000 tonnes as high as 15,000
tonnes.
"We've even seen good demand for warrants in European
locations this morning," a trader said.
Traders also noted supportive news that China expects to
import 200,000 tonnes of copper this year, according to a senior
official of a huge state-run metals firm.
Trading in most of the other metals was lacklustre, with
most following copper down, but rebounding off lows.
Aluminium breached nearby support of $1,440 based on the
10-day moving average and $1,437 based on a trendline, but it
held to a razor-thin $5 range between $1,431 and $1,436.
It ended the morning with a $8.50 loss at $1,434.
After nickel's poor close on Wednesday, which took it to the
lowest in a week, prices headed down to test the $7,100 support
level, which it last hit on November 4, but finished the kerb
with a $30 loss at $7,140.
If $7,100 is broken, the market was seen heading down to
$7,000, last hit on October 2, chartists said.
Fundamentals, however, may lend support to the market,
analyst Martin Squires of broker Rudolf Wolff said.
"With talk amongst the European stainless mills that stocks
are moving to more acceptable levels, which has prompted further
price hikes, we would favour buying into dips," he said.
Lead slid through a couple layers of nearby support to a low
of $726, finishing the morning at $728/30 after $738 on
Wednesday.
Tin only lost $10 to $5,980 and zinc edged down by $3 to
$1,060.
Alloy finished the day slightly weaker at $1,295/300 after
$1,300/02.
FRANCUSKA BURZA KOVINA - 14. studenoga 1996.
BAKAR FFR/100 KG 1122
KOSITAR FFR/100 KG 3582
CINK EL. FFR/100 KG 600
ALUMINIJ FFR/100 KG 1010
SREB. C3E FFR/KG 761/888
PLATINA FFR/KG 53900/89700
PALADIJ FFR/KG 16400/25100
IRIDIJ FFR/KG 5400/27900
KOBALT FFR/100 KG 32132
ŽIVA FFR/100 KG 5200
NJEMAČKA BURZA KOVINA - 14. studenoga 1996. - u DEM po 100 kg
BAKAR ELEKTROLITIK 320.35/330.17
OLOVO U KABELIMA 99.94% 123.75/124.75
141620 MET nov 96
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