Oils and Oilseeds: Groundnut oil ruled overall steady at Rs 420 per 10 kg on subdued offtake at higher level against subdued ready stock position, while all the other oils ruled steady to easy in the local oils and oilseeds market yesterday.
The arrivals of imported goods remained scarce and the trading volume was modest. Out-of-state orders indicated a modest trend.
Cottonseed oil washed and refined qualities held overall steady to Rs 310 and Rs 315 per 10 kg respectively on subdued industrial demand against modest availability of ready stock.
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Copra oil white eased by Rs 5 at Rs 370 per 10 kg on dull industrial demand against easy availability of ready stock.
Castor oil commercial and FSG qualities ruled steady at Rs 237 and 249 per 10 kg respectively on modest industrial demand against normal inflows.
Imported RBD palmolein ruled steady at Rs 234 per 10 kg while imported soya oil refined looked up by Re 1 at Rs 254 per 10 kg on moderate industrial demand against normal inflows.
Castorseeds June-2001 contract remained untraded yesterday. September contract opened Rs 12 up at Rs 1,166 a quintal and held steady at the same level throughout the trading hours.
All the RBD palmolein contracts i.e. - January, February and March-2001remained untraded yesterday. Castor oil international June-2001 contract opened steady at Rs 260 per 10 kg and held overall steady at the same level throughout the trading season.
In oilseeds, kardiseeds and nigerseeds looked up by Rs 25 and Rs 5 to Rs 1,175 and Rs 1,700 a quintal respectively on better industrial demand. Meanwhile, castorseeds ruled overall steady and were nominally quoted at Rs 1,695 and Rs 1,035 a quintal on narrow movements.
Sugar: A mixed trend witnessed in sugar prices on moderate consumer offtake against normal inflows at the local Turbhe wholesale sugar market yesterday.
Small grade ruled dull while medium grade ruled firm. Small-grade sugar (S-30) eased to Rs 1,430/1,485 a quintal against the previous level of Rs 1,440/1,485 on easy availability of ready stock against modest consumer demand.
Medium-grade (M-30) looked up further to Rs 1,493/1,555 a quintal against its previous level of Rs 1,485/1,555 on better demand against modest availability.
Consumer demand was subdued against normal supplies of ready stock. Sugar prices for check-post were quoted low at Rs 1,412/1,425 for S-30 grade and Rs 1,455/1,495 a quintal for M-30 grade yesterday.
Non-ferrous metals: Lead prices firmed up further, tin and nickel prices declined, while all the other metal witnessed a steady trend in the non-ferrous metals at the local market yesterday. All the metals ruled mostly steady.
In virgins, lead ingots improved further by 50 paise at Rs 41.50 a kg on better industrial enquires. Tin slabs and nickel cathodes weakened by Re 1 and Rs 2 to Rs 367 and Rs 463 a kg respectively on weak industrial demand.
Meanwhile, all the other metals ruled overall steady and were nominally quoted as under : copper heavy scraps Rs 134.50, aluminium ingots Rs 96.00 and zinc slabs Rs 80.00 a kg respectively on narrow movements.
In scraps, all the metals ruled overall steady and were nominally quoted as under : copper heavy scraps Rs 121.00, copper utensils Rs 108.00, brass utensils Rs 95.50, brass sheetcuttings Rs 100.00 and aluminium utensils Rs 75.00 a kg respectively.
Bullion: A weak trend witnessed in precious metals prices at the local bullion market yesterday. Both the precious metals ruled weak. Silver .999 and .916 weakened 110 and Rs 90 to Rs 7500 and Rs 7395 a kg respectively on dull overseas advices coupled with moderate offtake. Delhi advices indicated a modest trend.
Standard gold and 22 carat gold weakened further by Rs 20 and Rs 10 to Rs 4350 and Rs 4025 per 10 grams respectively on weak upcountry advices and fair offtake.
Gold biscuits prices too weakened further by Rs 1400 at Rs 50,900 per piece on subdued industrial movements.