CIJENE ŠEĆERA NA BURZI U NEW YORK-U
NEW YORK - Šećer br.11 cijene pri zatvaranju burze 08. listopada
1997.
POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBA
MAR8 11.90 11.72 11.91 11.72 11.89 11.90
MAY8 11.90 11.75 11.90 11.75 11.89 11.90
JUL8 11.77 11.63 11.77 11.63 11.77 11.77
OCT8 11.74 11.62 11.75 11.62 11.74 11.75
MAR9 11.67 11.56 11.67 11.56 11.67 11.68
MAY9 11.52 11.66 11.66
JUL9 11.48 11.64 11.64
OCT9
CSCE world sugar ends higher but resistance seen
NEW YORK, Oct 8 (Reuter) - CSCE world sugar prices ended
moderately firmer and near the session highs Wednesday amid
steady chart-driven buying, dealers said.
After an early test of the downside, fund buying propped the
market above unchanged for the remainder of the day.
Producer-led selling again slowed the upward momentum, however.
"There was fairly decent trade selling in the 11.80s (basis
March) and it probably doubled or tripled toward 11.90," said
one trader.
March futures rose 0.11 cent a lb to 11.90, toward the top
of the day's 11.72-11.91 range. May finished up 0.08 cent at
11.90, and the rest of the board climbed between 0.08 and 0.10
cent.
An estimated 16,423 lots were exchanged.
Technically, dealers said the market had room to work its
way higher, but would encounter stiff resistance between 12.01
and 12.07 cents, a chart gap left over from last month.
Scale-down trade buying was expected to provide support in the
low 11.70s basis March.
Otherwise, the market displayed little reaction to this
week's European Union white sugar tender. A hefty 163,325 tonnes
were awarded, bringing this year's cumulative total to 717,825
tonnes, up 23 percent on the year.
091148 MET oct 97
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