Groundnut oil ruled overall steady whereas other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein ruled firm on better demand against modest arrivals. In future section, castorseeds September contract opened higher and firmed up further towards closing.
Groundnut oil ruled overall steady at the previous level of Rs 374 per 10 kg on subdued demand and slightly eased arrivals from the producing centres.
Sesame oil and sunflower oil expeller declined by Rs 5 and Rs 3 to Rs 300 and Rs 265 per 10 kg respectively on reduced industrial demand coupled with modest arrivals. Copra oil white improved by Rs 10 to Rs 550 per 10 kg on limited arrivals and improved industrial offtake. In futures section, castorseeds contract September opened Rs 2 higher at Rs 1,143 and firmed up to Rs 1,147 a quintal. It declined to Rs 1,143 before closing at Rs 1,147 on improved buying.
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Sugar: An easy-to-downward trend was noticed at the wholesale sugar market at Turbhe, Navi Mumbai yesterday. Both the grades of sugar ruled in southward direction.
Sugar S-30 grade eased to Rs 1,470/1,495 from the previous level of Rs 1,480/1,500 a quintal on reduced consumer offtake, while sugar M-30 weakened to Rs 1,495/1,530 as against the previous level of Rs 1,500/1,530 a quintal on modest offtake. Meanwhile, sugar for the check-post deliveries were quoted low at Rs 1,445/1,460 a quintal for S-30 grade and Rs 1,465/1,490 for the M-30 grade.
Non-ferrous metals: A divergent trend was noticed in the local non-ferrous market yesterday. Virgin metals ruled firm-to-upward, while scraps metals ruled overall steady. The demand remained better against modest arrivals. The undertone of the market was hesitant.
In virgin section, nickel cathodes and tin slabs improved by Rs 3 and Re 1 to Rs 341 and Rs 291 a kg respectively on better industrial offtake. Aluminium ingots and zinc slabs firmed up by 50 paise each to Rs 78 and Rs 84 a kg respectively on improved industrial demand coupled with limited arrivals. In scraps section, all the metals ruled steady and were quoted nominally.
Bullion: A divergent trend was noticed for both the precious metals with the undertone of the market hesitant.
In white metals, silver.999 and .916 improved by Rs 35 each to Rs 6,330 and Rs 6,230 a kg respectively on firm overseas advices, improved industrial offtake combined with restricted arrivals. Delhi advices indicated better trend. In yellow metals, both standard gold and 22 carat gold declined by Rs 25 each to Rs 4,525 and Rs 4,185 per 10 grammes respectively on subdued demand coupled with modest arrivals.
The London advices also showed weak trend. Gold biscuits prices also ruled weak and declined by Rs 300 at Rs 52,900 per piece of 10 tolas on subdued movements.