CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 28.11.1996. LME OFFICIAL PRICES - NOV 28 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2578.0/80.0 2298.0/99.0 2040.0/50.0 2010.0/20.0 2580 (STG EQV) 1537.27 1372.66 TIN 6048/6050 6065/6070 6150/6160 6050 LEAD 688.50/9.00 695.00/5.50 675.00/0.00 689 (STG EQV) 410.53 415.26 ZINC 1052.0/53.0 1075.0/75.5 1100.0/05.0 1103.0/08.0 1053 ALU.HG 1535.0/36.0 1560.0/61.0 1600.0/05.0 1593.0/98.0 1536 NICKEL 6895/6900 6985/6987 7310/7330 7490/7510 6900 ALALLOY 1360.0/65.0 1390.0/91.0 1490.0/10.0 1365 SETTLEMENT RATES - GBP 1.6783 DEM 1.5333 JPY 113.63 Copper, aluminium near six-month LME highs LONDON, Nov 28 (Reuter) - Copper prices rose to fresh six-month highs during another active but erratic session on the LME on Thursday, as the ever present concern over low stocks and high backwardations maintained upward momentum, traders said. Elsewhere, aluminium also rose to six-month highs, helped by some speculative flow-through from copper and the ongoing January tightness, but the other metals were somewhat sluggish, as gains in the rest of the complex recently have been reluctant. Copper peaked at $2,313 in early trading, after the clearance of the recent high of $2,285 prompted short-covering, buy-stops, and option related purchases. Spreads remained firm in the rings, with cash/one day at $7 backwardation, cash/threes trading at $285 at one stage, and cash/week at a $33 premium. In the short-term, as the market focusses on December options and Dec 16/18 tightness backwardations could go much higher. "I would not be surprised to see it (cash/threes) above $300 soon," one trader said. The situation is being exacerbated by option activity as well, as each upward move in prices and widening in premiums brings critical upside calls into play. Traders are nervous in particular of the exposure at $2,500 and $2,600 call strikes. Meanwhile, inventories continue to fall, with Comex stocks dropping 1,268 short tons overnight. LME stocks, at 6-1/4 year lows of 90,050 tonnes, are seen falling on Friday, although the drawdown may not be too big. Final kerb business this morning was at $2,288, up $16 from Wednesday's kerb. Aluminium cleared stubborn resistance between $1,555 and $1,560 to chase up to $1,571 at one stage. Stocks are expected to fall on Friday, while January tightness is getting closer, traders said. But many traders are wary of current advances, which are largely motivated by the speculative community. Consumers are keeping to the sidelines, while producers may sell around $1,600, they said. Last trade was at $1,568, up $23, while alloy was marked up to $1,400/10, against $1,385/90 overnight. Nickel continued to suffer from liquidation, easing under $7,000, to close the kerb at $6,970, down $56. Tin kept a cautious eye on December tightness, finishing the session at $6,975, down $20. Zinc encountered difficulty in sustaining recent advances, with traders citing the need for a correction, which prompted some liquidation. Last business was at $1,073, down $3 from yesterday. Lead traded quietly, biding its time just under the $700 level. Three months closed the kerb at $695/96, against Wednesday's close of $694. FRANCUSKA BURZA KOVINA - 28. studenoga 1996. BAKAR FFR/100 KG 1403 KOSITAR FFR/100 KG 3722 CINK EL. FFR/100 KG 600 ALUMINIJ FFR/100 KG 1010 SREB. C3E FFR/KG 750/875 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 - 28. studenoga 1996. - u DEM po 100 kg BAKAR ELEKTROLITIK 401.18/411.17 OLOVO U KABELIMA 99.94% 121.00/122.00 281624 MET nov 96