A steady trend continued in groundnut oil against subdued demand against slightly easy ready stock position at the wholesale oils and oilseeds market here yesterday.
Industrial oils ruled easy-to-steady while imported palmolein continued to rule firm. The futures section remained officially closed on account of Ambedkar Jayanti.
Groundnut oil held overall steady at Rs 437 per 10 kg on subdued consumer demand at higher levels against modest arrivals. Arrivals were put at around 80 tonne a day.
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Linseed oil declined by Rs 10 to Rs 390 on reduced industrial offtake. Castor oil-commercial and BSS eased Rs 2 each to Rs 282 and Rs 294 per 10 kg. Sunflower oil-expeller and rapeseed oil refined firmed up by Rs 5 and Rs 3 to Rs 410 and Rs 390 per 10 kg respectively. Copra oil shot up by Rs 40 at Rs 500 per 10 kg. on improved industrial demand against limited arrivals. Imported palmolein rose Rs 5 at Rs 380 per 10 kg on limited arrivals of imported goods.
Castorseeds-Madras and Maharashtra qualities declined by Rs 9 each to Rs 1,258 and Rs 1,252 a quintal respectively on reduced demand.
Sugar: An easy-to-subdued trend was noticed in sugar prices at the wholesale sugar market. Both the grades ruled dull. The market undertone was weak.
Sugar S-30 eased to Rs 1465/1500 against the previous level of Rs 1465/1510 a quintal on easy availability of ready stock.
The M-30 grade softened to Rs 1500/1560 as against the previous level of Rs 1500/1565 a quintal on reduced buying interest against better availability of ready stock.
Sugar for the check-post deliveries were quoted lower at Rs 1450/1470 a quintal for S-30, while Rs 1490/1515 a quintal for the M-30 grade.
Non-ferrous metals: In scraps section, copper heavy scraps, copper utensils, brass utensils and brass sheetcuttings looked up 50 paise each to Rs 109.50, Rs 95, Rs 85.50 and Rs 89.50 a kg respectively. Aluminium utensils were nominally quoted at Rs 62 a kg.
Copper wirebar and zinc slabs firmed up 50 paise each to Rs 119.50 and Rs 72.50 a kg. Nickel cathodes rose Rs 2 at Rs 312 a kg on short-supply of ready stock against limited availability. All the other metals ruled overall steady.
Bullion: An easy-to-steady trend was noticed in the local bullion market. Silver .999 and .916 eased by Rs 40 and Rs 45 to Rs 8,900 and Rs 8,795 a kg respectively on weak overseas advices and better upcountry arrivals.
In yellow metals, both standard and 22 carat gold ruled overall steady and were quoted to Rs 4250 and Rs 3930 per 10 grams respectively on narrow movements.
Gold biscuit was steady at Rs 49,8 00 per piece on modest availability of ready stock and subdued consumer demand.