CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 17. studenoga 1997.
Differentials /spot/ ZADNJA
Santos 4's 7 cts under "C" 152.30 N
Colombian MAMs 10 cts over "C" 169.30 N
El Salvador 7 cts over "C" 166.30 N
Mexican 2 cts under "C" 157.30 N
Guatemala 7 cts over "C" 166.30 N
Peru 3 cts over "C" 162.30 N
Uganda Pmy Robs 7 cts over London 81.48 N
Indonesia EK1 2 cts under London 72.48 N
Ecuador Ext Sup 18 cts under "C" 141.30 N
NEW YORK - KAVA cijene pri zatvaranju burze 17. studenoga 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC7 160.50 163.00 165.00 159.00 159.00 159.30 1
MAR8 153.50 152.00 155.00 151.50 152.00 152.75 1
MAY8 148.00 146.50 149.50 146.50 148.00 148.00 1
JUL8 143.90 142.00 144.50 142.00 143.90 143.90 1
SEP8 139.50 138.00 140.00 139.50 139.50 140.00 1
DEC8 134.00 134.00 136.00 134.00 136.00 136.25 1
MAR9 130.00 134.00 134.25 1
MAY9
CSCE coffee settles mixed, spot December retreats
NEW YORK, Nov 17 (Reuters) - CSCE arabica coffee prices
ended mixed on Monday, with the spot December contract falling
sharply on speculative liquidation and rollover ahead of
December's first notice day on Tuesday, traders said.
December finished down 4.10 cents a lb at 159.30 cents,
after trading from 165.00 to 159.00. March rose 1.30 cents to
152.75, posting trades from 155.00 to 151.50. The back months
gained 2.00 to 3.00 cents.
With December slated to go into delivery in one day, the
nearby December/March switch was under pressure throughout much
of the session. December/March shrank to 6.55 cents compared
with 11.90 cents at the close on Friday.
Despite the sharp narrowing of the nearby switch, some
traders said low certified stock levels relative to December
open interest could push December/March out again.
"I don't think the switch coming in was based upon anything
fundamental," said one trader. "People just had to get out of
December ahead of first notice day."
CSCE reported after Friday's close that certified coffee
stocks were unchanged as of November 13, at 14,299 60-kg bags --
or the equivalent of about 57 lots.
Meanwhile, December open interest stood at 3,916 lots as of
Friday.
Traders now await monthly U.S. consumer coffee stock data
due out at 1500 EST/2000 GMT today, with most market
participants anticipating a sharp drawdown in U.S. warehouse
stocks during October.
Traders expected monthly Green Coffee Association stocks to
show a decline of between 300,000 and 500,000 60-kg bags in
October, reflecting a slowdown in exports to the U.S. as
shipments of the new-crop harvest just begin to get underway and
roastings pick up going into the peak North American consumption
season.
"It is a time when no coffee coming in and stocks should be
down," said another trader. "It's normal for this time of year."
In October 1996, by comparison, U.S. warehouse stocks stood
at 1,260,000 bags, down 351,000 bags from the previous month.
With many market participants attending the international
coffee week, known as Sintercafe, in San Jose, Costa Rica,
activity was fairly subdued.
The secretary general of the Association of Coffee Producing
Countries (ACPC) Roberio Oliveira Silva told Reuters in an
interview at Sintercafe Monday that world coffee markets are
currently well balanced and prices look set to remain stable.
Turnover was moderate, at an estimated 8,313 lots.
181111 MET nov 97
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