A quiet trend in groundnut oil was noticed at the wholesale oils and oilseeds market here yesterday. Arrivals remained moderate, whereas other industrial oils ruled better-to-steady.
It held steady and was nominally quoted at Rs 362 per 10 kg on narrow movements. Arrivals remained moderate at around 90/95 tonnes a day. Linseed oil and kardi oil declined by Rs 5 each to Rs 335 and Rs 360 per 10 kg respectively. Sunflower oil expeller ended the day at Rs 335 ,down from the previous close of Rs 337 per/10 kg.
Karanji oil and copra oil white firmed up by Rs 2 and Rs 5 to Rs 170 and Rs 580 per 10 kg. respectively on better offtake. Imported palmolein was nominally quoted at Rs 302 per 10 kg on subdued demand for imported oil In the futures section, castorseeds March'98 contract opened Rs 3 higher at Rs 1166.50 and held steady at the same level. It declined and closed at Rs 1165.50 on narrow movements.
Sugar: A subdued to easy trend was noticed in sugar prices on subdued consumer offtake and limited arrivals. The undertone of the market remained dull. S-30 ruled steady at Rs 1465/1500 from the previous level of Rs 1465/1501 a quintal on subdued consumer demand coupled with moderate arrivals. M-30 was quoted at Rs 1490/1540 as against the previous level of Rs 1492/1536 a quintal on dull offtake and modest arrivals. Sugar for the check post deliveries were quoted low at Rs 1455/1475 a quintal for S-30 and Rs 1478/1505 for the M-30.
Non-ferrous Metals:Tin and nickel firmed up while others were steady in the local non-ferrous metals market yesterday. The demand remained modest and the undertone was hesitant.
In virgin metals, tin slabs and nickel cathodes firmed up by Re 1 and Rs 2 to Rs 328 and Rs 327 a kg respectively.
The other metals were nominally quoted as under :copper wirebar Rs 116, aluminium ingots Rs 82, zinc slabs Rs 72.50 and lead ingots Rs 39.50 a kg respectively.
The scraps section saw copper heavy scraps at Rs 106, copper utensils Rs 94.50, brass utensils Rs 82.50, brass sheetcuttings Rs 88.25 and aluminium utensils quoted at Rs 62.50 a kg respectively on narrow movements.
Bullion : A divergent trend was noticed in the local bullion market yesterday. Gold eased while silver ruled firm. The undertone remained weak.
Both standard and 22 carat gold declined by Rs 55 and Rs 50 to Rs 4,010 and Rs 3,710 per 10 grams on weak overseas advices and subdued local demand. Gold biscuit prices also weakened by Rs 600 at Rs 47,000 per piece of gold bar on dull buying interest.Silver 999 and 916 firmed up by Rs 20 each to Rs 8,225 and Rs 8,125 a kg respectively on firm overseas advices coupled with better industrial demand. The arrivals remained modest. Delhi advices also indicated a better trend.
