Groundnut oil firmed up further on better upcountry advices coupled with improved demand against modest arrivals whereas other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market yesterday. Imported palmolein looked up on reduced arrivals.
Groundnut oil improved by Rs 2 at Rs 344 per 10 kg on renewed demand coupled with reduced arrivals from the producing centres.
In other oils, kardi oil and rapeseed oil refined declined by Rs 3 each to Rs 332 and Rs 275 per 10 kg respectively. Cottonseed oil washed and refined qualities eased by Re 1 each to Rs 287 and Rs 289 a kg respectively. Imported palmolein gained Re 1 at Rs 271 per 10 kg
In futures section, December contract opened 50 paise higher at Rs 1157. It later declined and closed at Rs 1154.50 a quintal on subdued movements.
In oilseeds, nigerseed Madras declined by Rs 10 at Rs 1375 per quintal
Sugar: A firm-to-upward trend was noticed at the wholesale sugar market yesterday. The undertone of the market was firm.
Sugar S-30 grade firmed up further to Rs 1480/1505 against the previous level of Rs 1463/1500 a quintal Sugar M-30 improved further to Rs 1500/1535 against the previous level of Rs 1483/1530 a quintal. Sugar for the checkpost deliveries were quoted low at Rs 1465/1480 a quintal for S-30 grade and Rs 1480/1510 for M-30 grade.
Non-ferrous metals: Virgin metals ruled mixed while scrap metals ruled overall steady in the local non-ferrous market yesterday.
In virgin section, nickel cathodes declined by Rs 3 at Rs 325 a kg. Tin slabs firmed up by Rs 2 at Rs 307 a kg.Meanwhile, all the other metals ruled overall steady and were nominally quoted as under : copper wirebars Rs 128.50, aluminium ingots Rs 81, zinc slabs Rs 84.50 and lead ingots Rs 41.50 a kg respectively on narrow movements.
In scraps section, all the metals ruled quiet and steady, and were nominally quoted as under: copper heavy scraps Rs 119, copper utensils Rs 110, brass utensils Rs 96, brass sheetcuttings Rs 102 and aluminium utensils Rs 61 a kg respectively
Bullion: A divergent trend was noticed in the local bullion market yesterday. Silver advanced further while gold ruled easy on subdued demand coupled with better arrivals.
In white metals, silver, both .999 and .916, advanced further by Rs 50 each to Rs 7320 and Rs 7220 a kg.
In yellow metals, standard gold and 22 carat gold declined by Rs 15 each to Rs 4515 and Rs 4175 per 10 gms respectively on subdued overseas advices, dull demand and modest arrivals. Gold biscuit prices also eased by Rs 100 at Rs 53,000 a piece.
