Groundnut oil ruled easy, while other industrial oils were easy-to-subdued at the wholesale oils and oilseeds market at Turbhe yesterday. Imported palmolein remained downcast on subdued demand.
In the futures section, there were no deals in castorseeds June contract, while the September contract opened lower and eased further towards the fag end.
Groundnut oil slipped by Re 1 at Rs 360 per 10 kg on subdued demand coupled with modest arrivals, which were put at around 80/90 tonnes a day.
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Linseed oil and neem oil eased by Rs 3 and Rs 5 to Rs 285 and Rs 195 per 10 kg respectively on dull industrial offtake. Karanji oil and soybean oil refined declined by Rs 3 each to Rs 165 and Rs 297 per 10 kg respectively on reduced industrial offtake, while sunflower oil expeller firmed up by Rs 5 to Rs 275 per 10 kg on better demand coupled with limited inflows. Imported palmolein eased by Re 1 Rs 278 per 10 kg on dull demand. In the futures section, castorseeds September contract opened Rs 3.50 lower at Rs 1,152.50 and remained steady at the same level. It declined and closed at Rs 1,145.50 a quintal.
In oilseeds, castorseeds Madras and Maharashtra qualities went down by Rs 5 each to Rs 1,094 and Rs 1,088 a quintal respectively on sluggish industrial demand coupled with better arrivals. Nigerseeds Madras and kardiseeds bold declined by Rs 10 and Rs 25 to Rs 1,415 and Rs 1,150 a quintal respectively
Sugar: The wholesale sugar market at Turbhe witnessed a mixed trend yesterday with small grade sugar easing, while the medium grade ruling overall steady. The undertone of the market was not firm.
Sugar S-30 grade eased to Rs 1,420/1,440 as against of the previous level of Rs 1,430/1,460 a quintal on reduced demand and moderate arrivals, while sugar M-30 grade was steady at Rs 1,460/1,500 a quintal on subdued offtake. Meanwhile, sugar for check-post deliveries were quoted easy at Rs 1,390/1,405 a quintal for S-30 grade and Rs 1,430/1,450 for the M-30 grade.
Non-ferrous metals: The local non-ferrous market saw an upward trend yesterday. Industrial demand remained better as against limited arrivals. The trading volumes remained modest.
In the virgin section, copper wirebar firmed up by 25 paise to Rs 136.25 a kg on better offtake, while aluminium ingots and zinc slabs moved up by 50 paise each to Rs 76.50 and Rs 80.00 a kg respectively. Other metals such as lead ingots, tin slabs and nickel cathodes ruled overall steady and were quoted at Rs 41.50, Rs 314 and Rs 372 a kg respectively.
In the scraps section, copper heavy scraps and copper utensils improved by 50 paise each to Rs 123.50 and Rs 111.50 a kg respectively on improved offtake. Brass utensils and brass sheetcuttings improved by 25 each to Rs 94.50 and Rs 99.00 a kg respectively, while aluminium utensils ruled overall steady.
Bullion: A firm-to-upward trend was witnessed in the local bullion market yesterday with both the precious metals firming up.
In yellow metals, standard gold increased up by Rs 5 at Rs 4,770 on better demand, while 22 carat gold ruled overall steady at Rs 4,410 per 10 grammes on narrow movement. Gold biscuits also swelled by Rs 100 at Rs 55,800 per piece of 10 tolas on improved demand.
In white metals, silver.999 grew by Rs 10 at Rs 6,885 per kg on improved industrial demand, while .916 ruled overall steady at Rs 6,785 a kg on subdued demand coupled with modest arrivals.