CIJENE ŠEĆERA NA BURZI U NEW YORK-U
NEW YORK - Šećer br.11 cijene pri zatvaranju burze 11. veljače
1998.
POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBA
MAR8 10.97 10.88 10.97 10.85 10.96 10.97
MAY8 10.75 10.68 10.75 10.67 10.74 10.75
JUL8 10.59 10.54 10.60 10.52 10.59 10.59
OCT8 10.62 10.57 10.62 10.55 10.62 10.62
MAR9 10.70 10.66 10.70 10.66 10.70 10.71
MAY9 10.68 10.67 10.68 10.67 10.68 10.68
JUL9 10.67 10.66 10.67 10.65 10.67 10.67
OCT9 10.62 10.62
CSCE world sugar edges to day's highs at close
NEW YORK, Feb 11 (Reuters) - CSCE world sugar prices ended
with moderate gains Wednesday for the third day in a row in a
continued correction to the market's recent, steep decline.
Most-active May futures rose 0.06 cent to finish at 10.75
cents a lb, the top of the day's 0.08-cent trading range. Spot
March delivery gained 0.09 to end at 10.97 cents.
Dealers said a mixture of trade-house and speculative buying
underpinned the market for most of the day, but producer-linked
selling blocked a bid to tackle any key chart objectives. Buy
stops were thought to be well-placed just above today's closing
price of 10.75 cents.
The nearby switches were also active as dealers sought to
exit spot positions ahead of March's expiry at the end of the
month.
Otherwise, traders said the upcoming March options expiry
could limit the market's volatility over the next few days. Open
interest remained high at the 11.00 and 11.50-cent strike prices
going into today's session.
"The strongest influence from now until Friday in the No. 11
contract is the options," one trader said. "The suggestion is
that the 11-cent strike should be a magnet through Friday."
The raw sugar market has been relatively subdued in the last
few days after sliding last week to the lowest levels since
spring of 1997. Ongoing concern about the financial crisis in
Asia kept many buyers at bay, but some traders said the market
appeared to have established a solid base this week.
An estimated 19,388 lots changed hands on the day.
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