LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 13.12.1996.
LME OFFICIAL PRICES - DEC 13
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2249.0/50.0 2146.0/47.0 1955.0/65.0 1900.0/10.0 2250
(STG EQV) 1355.99 1296.18
TIN 5820/5821 5860/5865 6045/6055 5821
LEAD 705.00/6.00 699.50/0.50 660.00/5.00 706
(STG EQV) 425.48 422.9
ZINC 1037.0/37.5 1059.5/60.0 1108.0/13.0 1127.0/32.0 1037.5
ALU.HG 1503.0/04.0 1533.0/34.0 1585.0/90.0 1588.0/93.0 1504
NICKEL 6572/6575 6673/6675 7000/7020 7225/7245 6575
ALALLOY 1345.0/50.0 1365.0/67.0 1475.0/95.0 1350
SETTLEMENT RATES - GBP 1.6593 DEM 1.54 JPY 112.95
LME copper, aluminium drift after early uptick
LONDON, Dec 13 (Reuter) - Copper prices perked up after a
weak start on Friday, but stopped short of the $2,150 resistance
level and drifted back, while tight nearby spreads dominated the
market.
Three-months copper finished the London Metal Exchange (LME)
morning session down $11 from Thursday's close, at $2,137.
Values had climbed from the morning's lows around $2,130 to a
high of $2,147 before losing steam.
"It's a little disappointing, copper ticked up earlier and
then it just couldn't find the interest. People basically want
to be square ahead of Christmas," a trader said, adding that
volumes were relatively thin.
A 7,225-tonne rise in LME stocks caused little noticeable
distress to the market, and dealers said the increase had been
anticipated and factored into the price previously.
A substantial 5,050 tonnes was delivered into Singapore,
while there were also significant movements into the LME's U.S.
warehouse network.
There were 6,100 tonnes moved into Long Beach and 1,200
tonnes into St Louis. The Long Beach warehouse now holds the
most metal of all the LME individual delivery points with 28,325
tonnes.
Nearby spreads continued to be tight and dominated ring
business. Heavy business was done in "tomorrow/next day', which
traded close the LME's $23 backwardation limit at $22.50. Cash
for a day was bid just above $20.
The cash/three months premium, however, continued to come
in, which is expected as third Wednesday pricing approaches next
week and tight dates fall off the overall spread. It was last at
around $105, down from around $130 on Thursday.
Aluminium, shadowing copper, initially pushed up above
nearby $1,540 resistance to a high of $1,546. But it was rapidly
sold off its highs and finished the morning kerb at $1,529, near
its lows and just $1 up from Thursday.
Traders had attributed aluminium's initial gains to short
covering and overnight Far Eastern buying in a thin market. An
LME stocks drawdown of 2,525 tonnes was also part of the
background picture.
Lead, which saw a 625 increase in LME stocks, eased below
the psychological $700 level it had hurdled on Thursday on Far
East buying and delta hedging on call options. It finished the
kerb just below at $697, down $3.
Nickel, saddled with weak technicals and a 876 tonne
increase in LME stocks, dropped below $6,700 in thin trading. It
was at $6,670, down $35.
Zinc held virtually unchanged at $1,056 after a stock
drawdown of 2,925 tonnes, while tin edged up $15 to $5,845 after
a 60-tonne drawdown.
Alloy was last bid at $1,365, up $11, after stocks declined
by 400 tonnes.
FRANCUSKI METALI - 12. prosinca 1996.
BAKAR FFR/100 KG 1244
KOSITAR FFR/100 KG 3594
CINK EL. FFR/100 KG 625
ALUMINIJ FFR/100 KG 1010
SREB. C3E FFR/KG 772/9001
PLATINA FFR/KG 53600/89400
PALADIJ FFR/KG 16800/25200
IRIDIJ FFR/KG 6800/29300
KOBALT FFR/100 KG 32966
ŽIVA FFR/100 KG 5200
NJEMAČKI METALI - 12. prosinca 1996. - u DEM po 100 kg
GERMAN ELEKTROLITIK 356.04/366.12
OLOVO U KABELIMA 99.94% 121.00/122.00
131550 MET dec 96
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