Bullion, Oil Grades Slump Sugar Shows Firm Trend

Castor oil, commercial and FSG qualities, dropped by Rs 2 each to Rs 338 and Rs 350 per 10 kg, respectively, on dull industrial demand against easy inflows. Imported RBD palmolein and imported soya oil refined dipped by Rs 3 and Re 1 to Rs 212 and Rs 235 per 10 kg, respectively, on easy inflows of imported goods and dull offtake.

Castorseeds September contract opened Rs 5 lower at Rs 1,512 a quintal and held overall steady at the same level. It declined to Rs 1,498 before closing to Rs 1,505 a quintal on speculative movements.

December contract opened Rs 5 lower at Rs 1,385 a quintal and firmed up to Rs 1,390. It declined to Rs 1,375 before closing to Rs 1,380 on speculative movements.

 

Castor oil international August contract remained untraded yesterday, While October contract opened Rs 6 lower at Rs 346 per 10 kg and ruled steady throughout the session at the same level.

Castorseeds eased by Rs 10 at Rs 1,540 per quintal, while kardiseeds firmed up by Rs 25 to Rs 1,200 a quintal on better offtake against subdued arrivals from producing centres.

Sugar: A moderately firm trend was witnessed at Turbhe, the wholesale sugar market at Navi Mumbai, yesterday. Both the grades ruled rather upward to firm.

Small-grade sugar (S-30) looked up to Rs 1,520-1,545 a quintal against its previous level of Rs 1,518-1,545 on modest consumer demand against easy inflows.

Medium-grade (M-30) firmed up to Rs 1,545-1,573 a quintal against its previous level of Rs 1,545-1,570. Sugar prices for check-post were quoted lower at Rs 1,507-1,520 a quintal for S-30 grade and Rs 1,530-1,540 for the medium grade yesterday.

Non-ferrous metals: A mixed trend was noticed in the non-ferrous metals at the local market yesterday. Metals in both the sections ruled firm to steady.

In scraps, copper heavy scraps improved by Re 1 at Rs 123.50 a kg on curtailed supplies of ready stock, while copper utensils and aluminium utensils looked up by 50 paise each to Rs 103.50 and Rs 74.50 a kg, respectively, on better industrial offtake.

Meanwhile, all the other metals ruled overall steady and were nominally quoted as under: brass utensils Rs 91.50 and brass sheetcuttings Rs 102.00 a kg, respectively, on narrow movements.

In virgins, copper wirebar looked up by Re 1 at Rs 141.50 a kg on improved industrial demand against short supplies of ready stock.

Meanwhile, all the other metals ruled overall steady and were nominally quoted as under : aluminium ingots Rs 93.00, zinc slabs Rs 89.00, lead ingots Rs 36.00, tin slabs Rs 368 and nickel cathodes Rs 514 a kg, respectively, on narrow movements.

Bullion: A weak trend witnessed in precious metals prices at the local bullion market yesterday. Both the precious metals ruled dull.

Silver .999 and .916 declined by Rs 50 and Rs 25 to Rs 7,990 and Rs 7,875 a kg, respectively, on dull upcountry advices coupled with subdued industrial demand. Delhi advices indicated a moderate trend.

Standard gold and 22-carat gold prices eased by Rs 10 each to Rs 4,510 and Rs 4,170 per 10 gm, respectively, on weak overseas advices and normal local offtake. Even gold biscuits prices weakened and lost Rs 50 at Rs 52,850 per piece on modest offtake.