Groundnut oil ruled overall steady on subdued offtake and normal arrivals. Demand remained steady. Other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market here yesterday. Imported palmolein ruled steady on nominal arrivals. In futures section, castorseeds December contract opened steady but eased towards closing. March 98 contract opened lower and eased further towards closing.
Groundnut oil was quoted at Rs 351 per 10 kg and arrivals were put at around 75/80 tonnes a day. Kardi and sunflower oil expeller firmed up by Rs 2 each to Rs 330 and Rs 282 per 10 kg on improved demand at reduced level. Cottonseed oil washed improved by Rs 5 at Rs 290 per 10 kg.Mowra oil and sesame oil fell Rs 5 each to Rs 225 and Rs 300 per 10 kg on reduced industrial demand coupled with better arrivals. Imported palmolein ruled steady and were nominally quoted at Rs 265/10 kg.
In futures section, December contract opened steady at the previous level of Rs 1,168 a quintal and declined to Rs 1,163 before closing at Rs 1,164 a quintal.While March 98 contract opened Re 1 lower at Rs 1,151.and closed at Rs 1,143 a quintal.
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Sugar: A mixed trend was witnessed at the Turbhe wholesale sugar market yesterday. Small grade firmed up while medium grade ruled slightly subdued. Undertone of the market was not firm. Sugar S-30 firmed up to Rs 1,505/1,526 from the previous level of Rs 1,498/1,506 a quintal on better festive consumer demand.
Sugar M-30 receded further to Rs 1,515/1,556 against the previous level of Rs 1,515/1,560 a quintal on improved inflow and reduced consumer offtake. Sugar for the check post deliveries were quoted low at Rs 1,490/1,500 a quintal for S-30 grade and Rs 1,505/1,530 for the M-30 grade.
Non-ferrous metals: An easy-to-steady trend continued in the local non-ferrous market yesterday. Both types of metals ruled easy on subdued offtake. In scraps section, copper heavy fell further by 50 paise at Rs 116 a kg on reduced industrial demand and better arrivals. Copper utensils, brass utensils and brass sheetcuttings eased further by 25 paise each to Rs 108, Rs 94 and Rs 100 a kg respectively on reduced industrial demand coupled with improved arrivals.
In virgin section, tin slabs declined by Rs 2 at Rs 305 kg. Zinc slabs eased further by 25 paise at Rs 81.75 a kg on dull industrial demand. Meanwhile, all the metals ruled overall steady and were nominally quoted as: copper wirebar Rs 128, aluminium ingots Rs 82, lead ingots Rs 41.50 and nickel cathodes Rs 315 a kg respectively.
Bullion: The upward trend in bullion prices continued in the local bullion market yesterday.
In white metals, silver .999 and .916 firmed up further by Rs 70 each to Rs 7,060 and Rs 6,960 a kg respectively on improved industrial buying at much reduced level during the last few days. In yellow metals, standard gold and 22-carat gold also looked up further by Rs 20 and Rs 15 to Rs 4,370 and Rs 4,040 per 10 grams respectively on firm overseas advices coupled with renewed buying interestes on account of the festival season. Gold biscuit prices also improved further by Rs 300 at Rs 51,400 per piece of gold bar of 10-tolas.