CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 15. travnja 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 282 ( 498 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 68,83 centi (69,26 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 15. travnja 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE MAY7 71.80 72.25 72.50 71.10 71.74 71.76 JUL7 73.45 73.90 74.10 72.75 73.35 73.40 OCT7 74.65 74.95 75.00 74.50 74.65 74.65 DEC7 75.60 75.90 76.00 75.16 75.60 75.60 MAR8 76.45 76.90 76.70 76.30 76.70 76.70 MAY8 77.40 77.30 77.35 JUL8 77.70 77.65 77.70 OCT8 75.20 75.20 75.40 DEC8 74.51 74.55 74.55 74.51 74.51 74.51 MAR9 75.30 75.20 75.35 NYCE cotton ends off, locals cover shorts on close NEW YORK, April 15 (Reuter) - NYCE cotton futures settled weaker but up sharply from the lows as local shortcovering emerged near the close, dealers said. Local selling and speculative liquidation pressured spot May to 71.10 cents a lb, just above support and the contract low of 70.90 hit last week. A dearth of buying that followed three straight sessions of gains contributed to early losses, trading sources said. While prices managed to blunt sharp losses by the close, dealers expect the May contract to fall to 70.00 cents in the near term as supplies are seen ample. In addition to last week's upward revision of world cotton supplies by USDA, certificated stocks remain high. "Everybody wants to know who is going to take all this cotton?" a trading source said. Stocks fell slightly from the previous session, but remained high at 221,862 bales as of Monday. Spot May finished 0.60 cent lower at 71.76 cents after trading from 72.50 to 71.10 cents. July went out 0.64 weaker at 73.40 cents. Volume was estimated at 16,000 lots compared with Monday's official 11,717 lots and ahead of Wednesday's spec/hedge data. The weekly report is expected to show a rise in speculative short positions. Friday's CFTC Commitment of Traders report indicated that speculators held 24,017 short positions and 8,244 long positions in week ended April 8. Dealers said the report could lend near-term support to prices. Resistance in May was pegged between 72.50 and 73.00 cents. Open interest in May fell 2,542 lots to 25,695 lots as of Monday's close. Open interest in July climbed 1,084 lots to 24,277 lots. 161045 MET apr 97