CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 12. siječnja 1998. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 7,943 ( 28,750 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 62,13 centi (62,74 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 12. siječnja 1998. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE MAR8 65.55 65.88 66.05 65.52 65.55 65.58 MAY8 66.95 67.21 67.38 66.92 66.95 67.01 JUL8 68.30 68.51 68.73 68.30 68.30 68.33 OCT8 70.70 70.70 70.93 70.70 70.75 70.78 DEC8 72.05 72.00 72.20 71.93 72.00 72.05 MAR9 73.05 73.00 73.05 73.05 73.05 73.08 MAY9 73.55 73.55 73.55 73.55 73.60 73.63 JUL9 74.15 74.30 74.33 OCT9 74.00 73.95 74.00 DEC9 72.85 72.85 72.90 NYCE cotton ends lower on continuing Asia concerns NEW YORK, Jan 12 (Reuters) - NYCE cotton futures ended weaker and toward session lows on Monday, pressured by speculative selling amid ongoing worries about the impact of the financial crisis in Asia, traders said. "There are uncertainties about Asia and they just won't go away," said a trader. "The outside markets are just so overwhelming." Most-active March futures fell 0.46 cent per lb on the day, to 65.58 cents, after ranging between 66.05 and 65.52 cents. Second-month May ended 0.41 cent lower at 67.01 cents, while the remaining months closed unchanged to down 0.35 cent. Cotton prices fell at the outset on Monday, in line with pre-opening expectations, as traders followed through on Friday's sharply lower close. They said continuing jitters over the economic situation in Asia, where stock and currency markets were hammered once again on Monday, kept pressure on cotton prices. Light scale-down trade buying and some speculative shortcovering briefly lifted prices just shy of unchanged, traders said, but steady speculative sales drove prices back down near intra-day lows by the close, traders said. Technically, near-term support in March was seen at 65.50 cents, followed by 65.30 cents, its life-of-contract low. On the upside, resistance was pegged at chart gap between 66.40 and 66.70 cents. Traders await the USDA's world supply and demand report, which is expected Tuesday at 0830 EST/1330 GMT. Some traders said the usage numbers could be a bit friendly, with expectations of an increase in U.S. exports from 7.1 million bales reported in December. On Friday, USDA estimated the U.S. 1997/98 crop would be 18.977 million baled compared to 18.82 million bales in December's estimate. Market forecasts ranged between 18.40 million and 18.90 million bales. Traders also await the weekly spec/hedge report due ahead of the open bell. NYCE reported last week that speculators were net short 26.3 percent. Volume Monday reached an estimated 10,000 lots, less than half Friday's official tally of 20,011 lots. 131107 MET jan 98