CIJENE ŠEĆERA NA BURZI U NEW YORK-U

CIJENE ŠEĆERA NA BURZI U NEW YORK-U NEW YORK - Šećer br.11 cijene pri zatvaranju burze 06. veljače 1998. POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBA MAR8 10.72 10.86 10.90 10.61 10.69 10.71 MAY8 10.50 10.59 10.61 10.33 10.48 10.50 JUL8 10.34 10.45 10.48 10.22 10.32 10.34 OCT8 10.38 10.50 10.51 10.20 10.37 10.38 MAR9 10.50 10.61 10.61 10.37 10.49 10.50 MAY9 10.44 10.60 10.60 10.40 10.49 10.49 JUL9 10.44 10.58 10.44 10.44 10.48 10.48 OCT9 10.43 10.50 10.43 10.40 10.43 10.43 CSCE world sugar ends lower as downtrend continues NEW YORK, Feb 6 (Reuters) - CSCE world sugar prices slumped Friday to their lowest level in nine months, as mounting confidence in the world supply situation prompted traders to exit long positions. Bellwether March futures slid 0.18 cent on the day to finish at 10.71 cents a lb. Second-position May pulled back 0.16 cent to 10.50, while the back months yielded between 0.08 and 0.17 cent. The market swung lower from the opening bell and held in negative territory throughout the day. A mix of trade buying of the switches and speculative short-covering helped to pare the losses, however, pushing prices back above key support levels by the close. Raw sugar futures have declined by nearly 15 percent since climbing to contract highs in December. Concern that erratic weather caused by El Nino would curb output from the Far East had spurred the market's bull run last autumn, but the market began to retreat from the highs when it appeared that the El Nino impact would be less than originally anticipated. The growing financial crisis in Asia put further pressure on the market, as fears grew that falling currency values in the Far East would undercut demand for sugar there. "What has happened in the market is that people guessed it would be a deficit season, but in the interim the only thing that has occurred is the Asian situation," said Salomon Smith Barney analyst Walter Spilka. "The market is coming to grips with the fact that...most of these countries that are affected will have some sort of change in consumption." Spilka said that while the overall supply/demand picture would not change significantly as a result of the recent turmoil in Asia, a shift from a slight gbobal deficit to an equally small surplus was enough to drive prices lower. Traders said the market's ability to stabilize above the lows today may signal a technical rebound in the next few days, but they cautioned that producer-selling would make any upside bid tough. "I've got to believe that we're pretty close to a bottom," one broker said. "You're probably getting specs to take profits at these levels." The day's trading volume was heavy, at an estimated 51,417 lots. 091344 MET feb 98