U.S. pamuk prodaja na tržištu - 31. prosinca 1997.
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Ukupna prodaja na 7 tržišta
u SAD-u 15,082 (24,391 prijašnji dan)
Prosiječna cijena 1-1/16 inch cotton
63,89 centi (63,80 prijašnji dan)
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NEW YORK - pamuk zatvaranje - 31. prosinca 1997.
_________________________________________________________________
MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE
RANJE VIŠA NIŽA RANJE
MAR8 67.05 67.10 67.35 66.90 67.05 67.07
MAY8 68.40 68.40 68.75 68.30 68.40 68.50
JUL8 69.75 69.85 70.09 69.70 69.75 69.78
OCT8 71.80 71.65 71.80 71.80 71.80 71.80
DEC8 72.55 72.50 72.60 72.50 72.55 72.55
MAR9 73.60 73.65 73.68
MAY9 74.00 74.10 74.00 74.00 74.00 74.00
JUL9 74.60 74.50 74.53
OCT9 74.00 74.00 74.03
DEC9 73.25 73.25 73.25 73.25 73.20 73.25
NYCE cotton ends higher in quiet holiday trade
NEW YORK, Dec 31 (Reuters) - NYCE cotton futures ended mixed
Wednesday in an abbreviated trading session that was limited to
day traders, with most commercial and speculative traders on the
sidelines until next week, traders said.
The March contract has been locked a trading range between
65.75 and 68.50 cents a lb for the last three weeks with little
inclination to break out.
March cotton ended at 67.07 cents a lb, down 0.08 cent from
Monday, trading in a range between 67.35 and 66.90 cents a lb.
May cotton settled at 68.50 cents a lb, up 0.10 cent. The rest
of the market finished up 0.05 to down 0.25 cent.
"There's no sense of comfort in this market," said Sharon
Johnson, cotton analyst with Frank Schneider & Co. "Until we
have a better idea of how much cotton Asia will be willing to
import."
China is debating whether to issue cotton import licenses,
which could impact the export market in 1998, Johnson said.
"The market still has farther to fall," said one trader.
"You've got what looks like a very healthy crop emerging and
producers who may not have an Asian export market open to them.
"You have consumers that have essentially been rewarded by
buying hand-to-mouth, avoiding the forward market. The
producer's stocks grow more devalued by the day. They don't have
any choice but to offer more material to a market that doesn't
have a strong demand."
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