23 Jan Official
Prices Cash Ask 3m 15m Cash Ask 3m 15m Copper 5568 5610
5310 Lead 1695 1674 1422 Aluminium 2910 2784 2575 Tin 12350
12250 11600 Nickel 40605 37600 29400 Al.Alloy 2220 2250 2305
Zinc 3732 3701 3293 NASAAC 2181 2245 2340
Teddy Halim <[EMAIL PROTECTED]> wrote: Klik utk :
Stok nikel
Harga harian dan chart timah
Graphic dari LME
salam sejahtera,
th
-----
kliping dari :
Base metals steady, nickel and tin near highs
Tue Jan 23, 2007 8:48 AM GMT
SHANGHAI (Reuters) - Base metals prices in London and Shanghai were steady on
Tuesday, with nickel and tin just shy of record levels, supported by supply
worries.By Nick Trevethan
Nickel for delivery in three months on the London Metal Exchange was at $37,050
a tonne at 0433 GMT, versus the record high at Monday's close of $37,300, when
the market rallied 2.8 percent.Tin was $11,600, down $190 from the previous
close. Earlier on Monday, tin matched its all-time high of $11,850 recorded on
December 29.
"It is difficult to say whether prices can continue at these levels.
Fundamentals support strong prices, but whether they support prices at these
levels is debatable," an LME dealer said.
"But there is very little metal around and if you are are short you have to buy
regardless of the price. You don't haveany other option."
Available stocks of nickel in LME warehouses stand at around 4,000 tonnes,
little more than one day's global consumption and down from around 36,000
tonnes at the start of
2006. In the same period, prices have jumped 170 percent.
Tin stocks are running at 12,520 tonnes, down from 16,725 tonnes at the start
of 2006. Uncertainty about the operation of independent smelters in Indonesia
and a switch to tin-based solders from lead-based, have supported prices.
But industry officials warned that if prices, especially those of nickel,
continued at high levels, demand would ease.
"Higher nickel prices put pressure on production at domestic stainless steel
mills," a manager at a eastern China-based stainless steel maker said.
"In my opinion, the mills which produce both stainless steel and carbon steel
may shift some capacity from stainless to carbon steel, or from 300-series
stainless steel to 400 and
200-series, which consume less nickel," he added.
Chinese stainless producers sell metal on an outright basis, which does not
take into account day-to-day movements in nickel prices, unlike Western steel
makers who make an alloy
surcharge to reflect changing prices.
He said nickel accounted for more than 85 percent of the cost of production of
300-series stainless steel, up from 60 percent a year ago.
Shanghai copper futures were steady, with the most active March contract up 40
yuan at 52,590 yuan a tonne by the midday break on Tuesday.
Spot copper prices in Shanghai were up 390 yuan, quoted between 55,700 yuan and
55,900 yuan.
LME copper futures were $15 lower at $5,605 a tonne.
"The key for copper this year is not the demand story. There is a chance for
restocking, in China and elsewhere in the world, but the crucial thing will be
supply," ABN AMRO commodities analyst Nick Moore said.
"Five years into the boom and producers are in a position to maximise, rather
than optimise, output."
Moore pointed to latest data from the International Copper Study Group showing
there was a sharp rise in mine capacity utilisation to 92.7 percent in October
from 84.2 percent in September.
"This very sharp acceleration in one month of 8.5 percentage points is a
harbinger of the supply surge that we expect and a major shift to surplus."
On Monday, global LME stocks stood at 193,450 tonnes, almost double from the
start of 2006. The most traded April Shanghai aluminium futures rose to 19,500
yuan from 19,400 yuan. LME aluminium ticked down $2 to $2,758. "Aluminium now
seems to be on a slow-paced climb despite
the 825-tonne influx of stocks into LME warehouses," Standard Bank London said
in a report. "The continuing tightness keeping the cash-to-three-months
backwardation at near decade record levels shows no sign of easing and indeed
Feb-March is continuing to tighten, meaning that this tightness could last at
least until March."
Premiums for LME cash metal above the three-month price were $105/125, near
their highest since 1990, and up from $30 at the start of 2007.
© Reuters 2007. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the
Reuters sphere logo are registered trademarks and trademarks of the Reuters
group of companies around the world.
---------------------------------
Lelah menerima spam? Surat Yahoo! mempunyai perlindungan terbaik terhadap spam.
http://id.mail.yahoo.com/
