A steady trend was noticed in groundnut oil while other edible oils ruled easy-to-subdued at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai, yesterday. Imported palmolein ruled weak.
Groundnut oil held overall steady at Rs 594 per 10 kg on steady consumer demand against modest arrivals.
In other oils, castor oil commercial and BSS qualities declined further by Rs 1 each to Rs 441 and Rs 453 per 10 kg, respectively. Linseed oil and karanji oil softened by Re 1 each to Rs 465 and Rs 232 per 10 kg, respectively. Cottonseed oil washed and rice bran oil declined by Rs 3 each to Rs 425 and Rs 230 per 10 kg, respectively. Soya oil refined and sunflower oil expeller softened by Rs 2 and Rs 3 to Rs 393 and Rs 435 per 10 kg, respectively.
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Imported palmolein weakened by Rs 2 at Rs 388 per 10 kg on improved supplies against dull demand.
In the futures section, the December contract opened Rs 7 lower at Rs 1,719 a quintal, firmed up to Rs 1744, declined to Rs 1719 before closing at Rs 1744 a quintal on speculative movements.
In oilseeds, castorseeds Madras and Maharashtra qualities declined by Rs 5 each to Rs 2,021 and Rs 2,015 a quintal respectively. Sesame seeds declined by Rs 50 at Rs 2300 a quintal.
Non-ferrous metals: Tin prices firmed up further while copper and brass ruled easy in the local market yesterday. The undertone remained weak.
In the scraps section, copper heavy scraps declined by 50 paise while copper utensils, brass utensils, and brass sheetcuttings eased by 25 paise each to Rs 103, Rs 92.25, Rs 85.25 and Rs 87.25 a kg, respectively on dull industrial enquires against modest arrivals. Aluminium utensils ruled overall steady at Rs 63.50 a kg on narrow movements.
In virgin metals, tin slabs improved further by Rs 2 to Rs 386 a kg. Zinc slabs eased by 50 paise at Rs 78.50 a kg.
Meanwhile, all the other metals ruled overall steady, and were nominally quoted as under : copper wirebar Rs 117, aluminium ingots Rs 86, lead ingots Rs 45.50 and nickel cathodes Rs 255 a kg, respectively on narrow movements.
Bullion: A firm trend continued in both the precious metals at the local market yesterday. However, the market sentiment was weak.
In white metals, silver .999 and .916 improved further by Rs 100 and Rs 110 to Rs 7720 and Rs 7600 a kg, respectively on firm overseas advices. Delhi advices also indicated better trends.
In yellow metals, standard gold and 22 carat gold advanced further by Rs 50 each to Rs 4300 and Rs 3980 per 10 grams, respectively on firm overseas advices coupled with improved seasonal offtake. Gold biscuit prices hardened further by Rs 800 at Rs 51,000 per piece of bar on better consumer offtake.
Sugar: The Sugar Merchants Association was closed on account of the jayanti of Anna Saheb Patil.