CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 06. svibnja 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 1,756 ( 2,002 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 68,37 centi (68,64 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 06. svibnja 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE MAY7 70.00 70.85 70.85 69.70 69.90 70.20 JUL7 71.90 71.90 72.10 71.00 71.90 72.02 OCT7 73.50 73.75 73.80 72.80 73.45 73.48 DEC7 74.65 74.75 74.85 73.85 74.60 74.63 MAR8 75.90 75.95 76.00 75.25 75.90 75.90 MAY8 76.25 76.45 76.25 76.25 76.50 76.53 JUL8 76.75 76.80 76.75 76.75 76.75 76.75 OCT8 74.75 74.80 74.75 74.75 74.75 74.75 DEC8 73.50 74.50 74.50 73.30 73.50 73.50 MAR9 74.75 75.15 75.35 74.75 74.75 74.75 NYCE July cotton ends up after hitting new low NEW YORK, May 6 (Reuter) - NYCE July cotton futures closed barely firmer after falling to a new contract low, but volume remained extremely thin, leading traders to forecast further weakness on Wednesday. The rest of the board ended down but off the contract lows hit across the board, pressured mostly by light local selling. Trade buying was cited in new-crop December. Most-active July ended 0.12 cent firmer at 72.02 cents per lb, having ranged from 72.10 to 71.00 cents, a new life-of-contract low. December finished down 0.19 cent to 74.63 cents, after falling to a contract low of 73.85 cents. The rest of the board ended 0.45 to 0.17 lower. Technical support in July was seen at 70.00 cents, analysts said. Volume was estimated at 16,000 lots compared with Monday's official 10,799 lots. The ongoing weakness continues to baffle many analysts, who said delays in plantings across the cotton belt and a heavy speculative short position, should provide fuel for a rally. Today's spec/hedge report showed that 39,041 contracts, or 53.1 percent of the total open interest of 73,531, were held by speculative shorts. The U.S. Department of Agriculture said Monday that 25 percent of the crop has been planted, compared with 31 percent last year and 37 percent in a five-year average. "Rain in the Delta should provide some support but the market seems to be ignoring it," Merrill Lynch analyst Judith Ganes, said. Fundamental pressure may be coming from the demand side, as forecasts for a pickup in world use in the wake of a growing economy, are not realized, O.A. Cleveland, a marketing specialist with Mississippi State University, said. "It may be that the market is trying to tell us that world consumption is not increasing as fast as we thought it would," Cleveland said. "Given the reasonably strong world economy, there may be more competition from the polyester." Analysts also point out that CCC loan stocks and certificated cotton stocks remain high, and will continue to weigh on prices. 071045 MET may 97