CIJENE ŠEĆERA NA BURZI U NEW YORKU

CIJENE ŠEĆERA NA BURZI U NEW YORK-U NEW YORK - Šećer br.11 cijene pri zatvaranju burze 22. rujna 1997. POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBA OCT7 11.05 11.16 11.18 11.04 11.04 11.05 MAR8 11.57 11.58 11.62 11.53 11.56 11.57 MAY8 11.68 11.65 11.73 11.64 11.68 11.68 JUL8 11.55 11.54 11.60 11.53 11.55 11.55 OCT8 11.57 11.56 11.57 11.54 11.57 11.57 MAR9 11.54 11.54 11.54 11.54 11.52 11.53 MAY9 11.54 11.55 11.55 JUL9 11.55 11.53 11.53 CSCE world sugar ends lower, led by spot contract NEW YORK, Sept 22 (Reuter) - CSCE world sugar ended lower Monday in dealings marked by renewed speculative liquidation of the spot contract ahead of its expiry next week. Speculative selling and trade buying hemmed prices into a relatively narrow range for most of the session, but a late rush by commission houses to relinquish nearby longs dragged October to the day's lows by the close. October sagged 0.12 cent a lb on the day, to end at 11.05, just off the day's floor of 11.04 cents. Open interest on the spot contract, which goes off the boards next week, fell 2,118 lots to 40,598 lots as of Friday's close. Today's selloff probably pared an additional few thousand contracts from the total, dealers said, but with only seven trading days to go until the expiry, liquidation pressure would likely intensify this week. Meanwhile, most-active March futures extended their losing streak to seven consecutive sessions, falling 0.04 cent to 11.57 cents. Trades were posted from 11.62 to 11.53 cents. The contract has fallen nearly five percent from its recent high of 12.12 cents. "March is oversold, and a buying opportunity exists in the near term," said one trader. "But overall the trend is still lower." Traders said the succession of weaker closes was primarily a reflection of the dearth of significant offtake in the physical market. Until buying patterns accelerate, March would have difficulty retesting the contract high of 12.19 set in August, they said. Technically, it faced an important downside target at 11.50 cents. To the upside, March would need to clear 11.80 to generate fresh buying interest, dealers said. The day's turnover was heavy, at an estimated 37,277 lots. 231055 MET sep 97