Groundnut oil ruled firm on improved buying support against modest arrivals, whereas other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai, yesterday.
Imported palmolein ruled easy on subdued demand against normal arrivals.Groundnut oil firmed up by Rs 2 at Rs 330 per 10 kg on improved demand coupled with limited arrivals from the producing centres. Arrivals were put at around 100 tonne a day. Neem oil and sunflower oil expeller declined by Rs 5 and Rs 3 to Rs 160 and Rs 285 per 10 kg respectively. Copra oil white declined by Rs 15 to Rs 530 per 10 kg.
Sesame oil and rapeseed oil refined looked up by Rs 5 and Rs 3 to Rs 285 and Rs 283 per 10 kg respectively. Imported palmolein eased by Rs 2 at Rs 272 per 10 kg on reduced industrial demand coupled with modest arrivals. In futures section,
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December contract opened 50 paise up at Rs 1,172 a quintal and firmed up to Rs 1,172.50. It declined to Rs 1,170.50 closing at Rs 1,172 a quintal.
Sugar: Sugar prices ruled firm at the Turbhe wholesale sugar market yesterday. Both the grades of sugar ruled upward on better demand coupled with subdued arrivals. The undertone of the market was not firm. S-30 firmed up to Rs 1,428/1,455 against the previous level of Rs 1,426/1,555 a quintal on modest consumer demand coupled with subdued arrivals, while M-30 improved to Rs 1,460/1,498 against the previous level of Rs 1,450/1,498 a quintal on improved offtake.
Non-ferrous metals: An easy-to-steady trend was noticed in the local non-ferrous market yesterday. The demand remained dull as against modest arrivals. The market undertone was hesitant.
Copper heavy scraps and copper utensils eased by 50 paise each to Rs 120.50 and Rs 110.50 a kg respectively. Copper wirebar eased by 50 paise at Rs 128.50 a kg on sluggish industrial offtake coupled with brisk arrivals.Other metalswere nominally quoted as under: aluminium ingots Rs 78.25, zinc slabs Rs 85.25, lead ingots Rs 41, and tin slabs Rs 293 and nickel cathodes Rs 325 a kg respectively.
Bullion: A mixed trend was noticed in the local bullion market yesterday. Silver ruled weak, while gold ruled steady on lack of consumer as well as industrial demand. The market undertone remained hesitant.
Silver .999 and .916 dipped by Rs 15 each to Rs 6,765 and Rs 6,665 a kg respectively on dull industrial demand.Standard gold and 22-carat goldwere nominally quoted at Rs 4,380 and Rs 4,050 a kg respectively on steady overeas advices and subdued demand. Gold biscuit prices weakened by Rs 100 at Rs 51,400 a piece of gold bar of 10-tolas.