Groundnut oil ruled easy while other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market yesterday. Imported palmolein ruled overall steady. In futures, castorseeds September contract remained untraded, while December contract opened higher but receded towards closing.
Groundnut oil eased by Rs 2 at Rs 361 per 10 kg on subdued demand and modest arrivals. Arrivals were put at around 90 tonnes a day. Sesame and neem oil improved by Rs 5 each to Rs 290 and Rs 170 per 10 kg respectively on improved industrial demand.
Kardi oil and cottonseed oil washed declined by Rs 2 each to Rs 360 and Rs 283 per 10 kg respectively. Karanji oil looked up by Rs 5 at Rs 155 per 10 kg. Most other oils ruled overall steady.
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In the future section, December contract opened Rs 4.50 higher at Rs 1164.50 and later declined to Rs 1156.5 before closing at Rs 1161 a quintal. All oilseeds ruled overall steady.
Sugar: A firm-to-upward trend was witnessed at the wholesale sugar market yesterday. Both the grades of sugar ruled firm. Sugar S-30 firmed up to Rs 1502/1530 against the previous level of Rs 1500/1515 a quintal while sugar M-30 improved to Rs 1525/1550 against the previous level of Rs 1515/1545 a quintal.
Sugar for the check post deliveries were quoted at Rs 1474/1485 a quintal for the S-30 grade and Rs 1490/1505 for the M-30 grade.
Non-ferrous Metals: A steady trend was witnessed in the local non-ferrous market yesterday. Demand remained dull as against of better arrivals.In virgin section, all metals ruled overall steady and were nominally quoted as under : copper wirebar Rs 128, aluminium ingots Rs 78, zinc slabs Rs 86.50, lead ingots Rs 42, tin slabs Rs 285 and nickel cathodes Rs 328 a kg. respectively.
In scraps, the metals were nominally quoted as under: copper heavy scraps Rs 119.50, copper utensils Rs 109.50, brass utensils Rs 95.50, brass sheetcuttings Rs 100.50 and aluminium utensils Rs 60 a kg respectively.
Bullion: A firm-to-upward trend continued in the bullion market yesterday. Both the precious metals ruled firm.
In white metals, both the silver .999 and .916 improved by Rs 40 each to Rs 6800 and Rs 6700 a kg respectively on firm overseas advices, improved industrial demand and restricted arrivals. Delhi advices indicated better trend.
In yellow metals, both standard gold and 22 carat gold firmed up by Rs 5 each to Rs 4540 and Rs 4,200 per 10 grammes respectively on renewed demand coupled with modest arrivals. London advices also showed a firm trend. Gold biscuits prices improved further by Rs 100 at Rs 53,200 per piece of 10 tolas.