CIJENE PAMUKA NA BURZI U NEW YORKU

U.S. pamuk prodaja na tržištu - 15. srpnja 1997. _________________________________________________________________ Ukupna prodaja na 7 tržišta u SAD-u 6,801 ( 4,220 prijašnji dan) Prosiječna cijena 1-1/16 inch cotton 71,57 centi (70,99 prijašnji dan) _________________________________________________________________ NEW YORK - pamuk zatvaranje - 15. srpnja 1997. _________________________________________________________________ MJE. ZADNJA OTVA NAJ- NAJ- ZATVA- NAGODBE RANJE VIŠA NIŽA RANJE OCT7 74.10 73.36 75.15 73.36 74.10 74.24 DEC7 74.35 73.25 74.95 73.25 74.10 74.24 MAR8 75.50 74.50 75.85 74.50 75.40 75.43 MAY8 75.90 75.30 75.90 75.30 76.05 76.10 JUL8 76.60 75.90 77.00 75.90 76.60 76.60 OCT8 74.50 74.60 74.80 DEC8 73.80 73.40 74.60 73.55 73.80 73.90 MAR9 74.50 74.80 74.90 MAY9 74.80 75.10 75.20 JUL9 75.00 75.30 75.40 NYCE cotton ends higher amid mixed shortcovering NEW YORK, July 15 (Reuter) - NYCE cotton futures settled firmer amid technically-driven shortcovering, dealers said. The market attracted local shortcovering after the December contract eased on the open but managed to hold above its lifetime low of 73.20 cents reached on Monday. A move over nearby resistance at 72.10 cents triggered buy stops and brought in speculative shortcovering, which carried the market to the day's highs. Fund selling on the close knocked the market off the highs and back toward the middle of the day's range. The December contract ended 0.77 cent higher at 74.24 cents per lb, having ranged from 74.95 to 73.25 cents. The rest of the board finished 0.78 to 0.40 cent higher. Traders said the weekly spec-hedge report had a positive effect on prices. The report, released before the open, showed the speculators to be holding a 14.8 percent net short position as of July 11 compared with a 38.2 percent net long position the previous week. "The report was definitely bullish," a trader said. Some industry sources cited talk of flooding in China but floor sources said today's gains were not made on the rumor. "(Flooding) could make this thing run but right now we need to get confirmation and numbers," a trading source said. "Until that comes in, we just don't know. It probably hasn't been priced into the market yet." Analysts expect the market to drift in a range between 75.00 cents and 72.00 cents basis the December contract, in the near term. An estimated 20,000 lots changed hands on the day compared with Monday's official 8,554 lots. 161032 MET jul 97