Groundnut oil continued to improve on restricted arrivals whereas other industrial oils ruled easy-to-subdued at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein ruled easy on subdued demand as against of modest arrivals. In future section, castorseeds September contract opened lower but firmed up towards closing.
Groundnut oil improved further by Rs 3 at Rs 361 per 10 kg The demand remained better. Arrivals were put at around 75/80 tonnes a day. Sesame oil and neem oil improved further by Rs 5 each to Rs 290 and Rs 175 per 10 kg on better industrial demand coupled with limited arrivals.
Copra oil white declined further by Rs 5 at Rs 540 per 10 kg on reduced industrial offtake, whereas sunflower oil expeller firmed up by Rs 2 to Rs 272 per 10 kg on improved demand from the industrial sectors coupled with limited availability. Linseed oil improved by Rs 5 at Rs 275 per 10 kg on improved industrial offtake.
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In the futures section, castorseed September contract opened Rs 2.50 lower at Rs 1134 and firmed up to Rs 1135 a quintal. It declined to Rs 1133 before closing at Rs 1134.50.
Castor seeds Madras and Maharashtra qualities declined by Rs 5 each to Rs 1109 and Rs 1103 per quintal respectively.
Sugar: A mixed trend was noticed at the wholesale sugar market yesterday. Sugar of small grade ruled subdued while that of medium grade ruled easy. Demand remained overall subdued on account of the heavy rain in the city.
Sugar S-30 grade ruled at Rs 1455/1500 as against of the previous level of Rs 1465/1480 a quintal on reduced demand coupled with better availability. Sugar M-30 eased to Rs 1480/1528 as against of the previous level of Rs 1495/1532 a quinta . Sugar for the check post deliveries were quoted at Rs 1430/1445 a quintal for S-30 grade and Rs 1455/1480 for the M-30 grade.
Non-ferrous metals : An easy-to-steady trend was noticed in the local non-ferrous market yesterday. The demand remained subdued.
In scraps , copper heavy scraps declined by 50 paise at Rs 128.50 a kg, while copper utensils, brass utensils and brass sheetcuttings eased by 25 paise each to Rs 115.75, Rs 97.75 and Rs 102.25 a kg respectively. Aluminium utensils ruled steady and was nominally quoted at Rs 60 a kg.
In the virgin section, copper wirebars eased further by 25 paise at Rs 138 a kg on easy demand and better inflows. All other metals ruled overall steady and were nominally quoted as under : aluminium ingots Rs 77, zinc slabs Rs 81.50, lead ingots Rs 41.25, tin slabs Rs 296 and nickel cathodes Rs 343 a kg respectively.
Bullion : A rally continued in the local bullion market yesterday. Both the precious metals declined. The undertone of the market was weak.
In yellow metals, standard gold and 22 carat gold declined further by Rs 5 each to Rs 4330 and Rs 4,005 per 10 grammes respectively. Gold biscuits prices also declined further by Rs 50 at Rs 50,650 per piece of 10 tolas.
In white metals, silver.999 and .916 crashed by Rs 275 each to Rs 6130 and Rs 6030 a kg respectively on brisk arrivals coupled with sluggish industrial demand and weak overseas advices. Delhi advices indicated a weak trend.