CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 22. listopada 1997.
Differentials /spot/ ZADNJA
Santos 4's 8 cts under "C" 142.20 N
Colombian MAMs 14 cts over "C" 164.20 N
El Salvador 8 cts over "C" 158.20 N
Mexican 2 cts over "C" 152.20 N
Guatemala 8 cts over "C" 158.20 N
Peru 5 cts over "C" 155.20 N
Uganda Pmy Robs 7 cts over London 75.08 N
Indonesia EK1 3 cts under London 65.08 N
Ecuador Ext Sup 18 cts under "C" 132.20 N
NEW YORK - KAVA cijene pri zatvaranju burze 22. listopada 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC7 150.25 152.00 152.50 149.75 149.75 150.20 1
MAR8 140.00 141.00 141.25 139.50 139.75 140.00 1
MAY8 136.25 137.00 138.00 136.25 136.25 136.40 1
JUL8 133.00 134.50 134.75 133.00 133.00 133.00 1
SEP8 130.00 130.00 131.00 129.50 129.30 129.50 1
DEC8 126.00 126.25 127.00 126.00 126.00 126.05 1
MAR9 123.10 123.50 124.00 1
MAY9
CSCE coffee ends mixed in thin, rangebound trade
NEW YORK, Oct 22 (Reuters) - CSCE coffee futures ended
tightly mixed on Wednesday in uneventful dealings.
"There's no turnover, no range, it's just steady," said one
trader. "Prices have reached an equilibrium where people are
content to do nothing."
Benchmark December arabicas were unchanged on the day, at
150.20 cents per lb, after ranging from 152.50 to 149.75 cents.
Second-month March finished 0.50 cent weaker at 140.00 cents,
while the rest of the board closed down 1.00 to up 0.50 cent.
The nearby December/March switch widened to 10.20 cents from
9.70 cents at the close on Tuesday.
Arabica prices headed higher at the opening, bolstered by
commission house buying on the heels of strong gains on the
London robusta market, traders said.
But scale-up origin selling capped gains, they said,
preventing a test of nearby resistance at 153.00 cents in
December and spurring some local selling.
News on Wednesday that Colombia's main truck drivers' union
will "temporarily" lift its four-day-old nationwide strike also
prompted some selling, but failed to inspire enough downward
momentum to push December through 148.00 cents support, traders
said.
"There was a light reaction to the Colombian news," said a
trader. "But support is still there."
The move by the Colombian Truck Drivers' Association (ACC)
was taken to ease tension ahead of this weekend's local
elections. Union leaders said it would allow police chiefs to
divert men away from highway patrol activities and concentrate
on maintaining law and order in the face of leftist guerrilla
threats to sabotage the ballot.
"We're going to temporarily lift our strike from midday
Wednesday because of the electoral period," Olga Roseros,
chairman of the ACC told Reuters. "But we will be fixing the
date for a new strike since none of our original demands have
yet been satisfied."
Technically, traders continued to peg near-term support in
December at 148.00 cents, followed by a strong downside target
at 145-144 cents. Resistance was still seen near 153 cents, then
155-156 cents, they said.
Some traders said today's relatively weak finish could
inspire locals to test the downside on Thursday. "Today's close
may have left a feeling that the market has no strength,"
another trader said. "But it could stay sideways for awhile
until someone with weight comes in and gives this market some
direction."
After Wednesday's close, CSCE reported certified coffee
stocks rose by four 60-kg bags as of October 21, to 25,447 bags.
An additional 3,250 bags of coffee pending grading, the exchange
said.
Turnover was thin, at an estimated 4,240 lots.
231134 MET oct 97
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