An easy-to-downward trend continued in groundnut oil whereas other industrial oils ruled easy-to-subdued at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein showed an upward trend on better demand as against modest availability. In futures section, castorseeds June contract remained untraded while September contract opened higher and firmed up further towards closing.
Groundnut oil eased further by Re.1 at Rs.357 per 10 kg. on reduced demand coupled with better arrivals from the oil producing centres. Arrivals were put at around 90/100 tonnes a day.
In other oils, linseed oil and ricebarn oil declined by Rs.5 and Rs.2 to Rs.280 and Rs.157 per 10 kg respectively on reduced industrial demand and better availability. Kardi oil and sesame oil firmed up by Rs.2 and Rs.3 to Rs.367 and Rs.290 per 10 kg. respectively on improved industrial offtake followed by limited arrivals. Coconut oil white improved by Rs.40 to Rs.600 per 10 kg. Imported palmolein firmed up further by
Rs.2 at Rs.269 per 10 kg. Majority of other oils ruled overall steady on narrow movements.
In futures section, castorseeds September contract opened Re.1 up at Rs.1140.50, and firmed up to Rs. 1149 a quintal. It declined to Rs.1140.50 before closing at Rs.1144.50 a quintal. All the oilseeds ruled steady.
Sugar: A slightly better-to-steady trend was noticed at the wholesale sugar market at Turbhe, Navi Mumbai yesterday. While the small grade firmed up, medium grade ruled steady. The undertone of the market was not firm.
Sugar S-30 grade firmed up to Rs.1425/1458 as against the previous level of Rs.1425/1450 a quintal on improved demand coupled with restricted availability. Sugar M-30 ruled overall steady , and were nominally quoted at Rs. 1460/1500 a quintal. Sugar for the check post deliveries were quoted low at Rs.1402/1420 a quintal for S-30 grade and Rs.1425/1468 for the M-30 grade.
Non-ferrous metals: An easy-to-steady trend was noticed in the local non-ferrous market yesterday. Prices slipped on profit taking at improved level coupled with weak overseas advices.
In virgin section, zinc slabs eased by 50 paise at Rs.80.50 a kg. on reduced industrial demand.All the other metals ruled overall steady and were nominally quoted as under: copper wirebars Rs. 137.50, aluminium ingots Rs.77, lead ingots Rs.41, tin slabs Rs.309 and nickel cathodes at Rs.363 a kg respectively.
In scraps section, quiet conditions were noticed. All the metals ruled overall steady, and were nominally quoted as under : copper heavy scraps Rs.126.50, copper utensils Rs. 114.50, brass utensils Rs.96.75, brass sheetcuttings Rs.101.75 and aluminium utensils Rs.60 a kg.
Bullion: An easy-to-steady trend continued in the local bullion market yesterday. While gold ruled easy, silver was steady on account of subdued overseas advices. The undertone of the market was weak.
In yellow metals, standard gold and 22 carat gold declined by Rs.15 each to Rs.4665 and Rs. 4315 per 10 grammes respectively. Gold biscuits prices lost Rs.200 to Rs.54,600 per piece of 10 tolas.
In white metals, silver .999 and .916 ruled overall steady at the previous levels of Rs.6800 and Rs.6700 per kg. respectively on subdued offtake coupled with weak overseas advices. Delhi advices indicated a dull trend.
