CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 08. srpnja 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 1,399 ( ----- prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 70,51 centi (70,21 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 08. srpnja 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE JUL7 71.15 71.50 71.50 71.00 71.15 71.15 OCT7 73.80 73.40 74.20 73.30 73.60 73.70 DEC7 74.25 73.90 74.60 73.80 74.10 74.16 MAR8 75.50 75.20 75.80 75.10 75.35 75.43 MAY8 76.51 75.95 76.51 75.90 76.10 76.15 JUL8 76.60 76.50 76.60 76.50 76.50 76.55 OCT8 74.65 74.80 74.85 DEC8 73.85 73.75 74.00 73.75 73.85 73.85 MAR9 74.80 73.80 73.85 MAY9 75.10 75.05 75.15 NYCE cotton ends higher, trade a steady buyer NEW YORK, July 8 (Reuter) - NYCE cotton futures consolidated losses sustained on Monday and settled higher amid brisk trade buying. Most-active December delivery ended 0.41 cent higher at 74.16 cents a lb after trading from 74.60 to 73.80 cents. The rest board closed 0.46 higher to 0.90 cent lower. Analysts said Monday's descent to new contract lows placed the market in a technically overbought situation and prompted steady buying by the trade. "There was some follow-through speculative selling that was offset by trade buying on mill fixations," a dealer said. He said the estimate of the 1997/98 cotton crop of 17.02 million 480-lb bales by private forecaster Sparks Cos Inc may have provided some fundamental underpinning to today's move up, but stressed that the buying was mostly technically-driven. USDA pegged the 1997/98 crop at 18.5 million bales. Follow-through buying on Wednesday could carry December cotton to resistance at 75.00 cents, traders said. The next upside target was pegged at 76.00 cents. Support was seen at the contract low of 73.70 cents followed by 70.00 cents. An estimated 18,000 lots changed hands on the day versus Monday's record official volume of 39,433 contracts. 091143 MET jul 97