CIJENE KAKAOA NA BURZI U NEW YORK-U
SAD - KAKAO Trgovačke spot cijene 30. svibnja 1997.
minimalne količine u vagonima, cijene u am. dolarima po toni
posljednja
Ghana Maincrop 1684.00 N
Ivory Maincrop Maincrop 1652.00 N
Bahia superior Superior 1667.00 N
Sanchez FAQ FAQ 1527.00 N
Sulwaesi SAQ FAQ 1487.00 N
Arriba Superior Superior 1531.00 N
Malaysia 110 1576.00 N
Liquor Ecuador 2204.00 N
Liquor Brazil 2326.00 N
Maslac African 4108.00 N
Maslac drugi 4059.00 N
Natural Cake 10/12% 553.00 N
NEW YORK - Kakao cijene pri zatvaranju burze 30. svibnja 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
JUL7 1470 1498 1502 1467 1467 1469
SEP7 1501 1529 1530 1500 1500 1501
DEC7 1529 1561 1562 1529 1529 1529
MAR8 1561 1585 1588 1558 1561 1561
MAY8 1595 1600 1598 1590 1579 1579
JUL8 1615 1599 1599
SEP8 1620 1630 1620 1620 1614 1614
DEC8 1636 1636 1636 1636 1626 1626
MAR9 1664 1664
MAY9
CSCE cocoa down sharply after specs liquidate
NEW YORK, May 30 (Reuter) - CSCE cocoa futures fell
sharply in light trading on Friday, wiping away nearly all the
previous session's gains, as speculators liquidated their long
positions, dealers said.
"Yesterday the market had technical fund buying, but there
was not much behind the move," said Dean Witter analyst Corey
Bell. "It was strong technically with little concrete
fundamentals."
July cocoa dropped $29 a tonne on the day, to close at
$1,469, after ranging from $1,502 to $1,467. Second-month
September ended $27 lower, at $1,501, while the back months
slumped $24 to $34.
Cocoa prices edged higher at the opening, as speculators
followed through on Thursday's rally to eight-week highs,
traders said.
But the market's failure to make the $5 to $10 higher
opening due and the July contract's inability to get past
Thurday's peak of $1,502 prompted local selling.
Downward momentum accelerated after July contract fell
through near-term support at $1,490, touching off light
sell-stops, they said. Further light stops were activated
after July broke through $1,480, they said.
Some traders said Friday's pressure may have been due in
part to liquidation or rollover of July contracts ahead of
first notice day on June 17.
On the charts, traders said July would probably find
strong support at $1,450, with sell-stops building near
$1,444.
Fundamentally, Bell said mixed views would probably stymie
any major move in the near-term. While bears dwelled on ample
stockpiles, bulls focused on the weather in the Ivory Coast
and potential developmental problems in the 1997/98 harvest --
although it is too early for any crop estimates.
Volume reached an estimated 6,098 lots.
021108 MET jun 97
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