LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 25.11.1996.
LME OFFICIAL PRICES - NOV 25
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2325.0/26.0 2178.0/80.0 1985.0/95.0 1965.0/75.0 2326
(STG EQV) 1383.29 1299.1
TIN 6090/6095 6090/6095 6165/6175 6095
LEAD 697.00/8.00 704.50/5.00 690.00/5.00 698
(STG EQV) 415.11 420.12
ZINC 1053.5/54.0 1077.5/78.0 1108.0/13.0 1113.0/18.0 1054
ALU.HG 1484.5/85.0 1506.0/06.5 1560.0/65.0 1572.0/77.0 1485
NICKEL 6805/6810 6890/6895 7185/7205 7305/7325 6810
ALALLOY 1323.0/25.0 1353.0/54.0 1455.0/75.0 1325
SETTLEMENT RATES - GBP 1.6815 DEM 1.5145 JPY 112.51
LME copper recovers from lows by midsession
LONDON, Nov 25 (Reuter) - Chart based trading saw copper
recover from a low of $2,157 a tonne by the London Metal
Exchange (LME) morning recess, though Friday's late break below
$2,200 has left the market vulnerable to further downside
losses.
Also aiding the recovery was borrowing of nearby spreads
which saw copper's cash to three months backwardation settle at
$160, against earlier levels of $145.
Traders said they expected the market to broadly consolidate
ahead of Tuesday's LME stocks release.
Benchmark three months delivery traded between $2,157 and
$2,188.
It was last at $2,187, versus Friday's LME kerb close of
$2,208.
"The market was looking overbought but is unlikely to make a
serious move until the stocks are out of the way," one trader
commented.
Several others suggested the pace of declines in inventories
will continue to slow and they could even register a rise soon.
Traders also noted a move by the London Clearing House (LCH)
to raise copper's cash to three months spread margin.
The LCH said the spread margin was raised to $3,750 from
$1,875
Elsewhere, aluminium eased after earlier Far Eastern
liquidation.
It moved towards support at $1,500, Last business was at
$1,504.50, a loss of $26.50.
Nickel in thin trade gyrated either side of $6,900.
It settled at $6,910, unchanged.
Lead dropped $5 to $705, while zinc settled at $1,079, down
$1.
Tin was last at $6,090/$6,100, versus $6,115.
Alloy was quoted at $1,354/55, against $1,370.
FRANCUSKA BURZA KOVINA - 25. studenoga 1996.
BAKAR FFR/100 KG 2251
KOSITAR FFR/100 KG 3692
CINK EL. FFR/100 KG 600
ALUMINIJ FFR/100 KG 1010
SREB. C3E FFR/KG 757/884
PLATINA FFR/KG 53900/89700
PALADIJ FFR/KG 16700/25100
IRIDIJ FFR/KG 5400/27900
KOBALT FFR/100 KG 31947
ŽIVA FFR/100 KG 5200
NJEMAČKA BURZA KOVINA - 25. studenoga 1996. - u DEM po 100 kg
BAKAR ELEKTROLITIK 357.61/367.48
OLOVO U KABELIMA 99.94% 121.00/122.00
251609 MET nov 96
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