Castor oil, commercial and FSG qualities, weakened further by Rs 3 each to Rs 327 and Rs 339 per 10 kg on dull industrial demand against easy inflows. Cottonseed oil washed eased by Rs 3 at Rs 260 per 10 kg on dull offtake. Imported RBD palmolein and imported soya oil refined firmed up Rs 3 and Re 1 to Rs 212 and Rs 234 per 10 kg, respectively, on reduced inflows of imported goods and better offtake.
Castorseeds September contract opened Rs 17 lower at Rs 1,480 a quintal and ruled overall steady at the same level. It declined and closed to Rs 1,454 a quintal on speculative movements. December contract opened Rs 35 down at Rs 1,327 a quintal and later declined and closed at Rs 1,212 on speculative movements.
RBD palmolein contracts October and November remained untraded yesterday. December contract opened Rs 1.50 up at Rs 221.50 per 10 kg and firmed up to Rs 223. It declined to Rs 221.50 before closing to Rs 223 on narrow movements.
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Castor oil international August contract remained untraded yesterday. While October contract opened Rs 6 lower at Rs 340 per 10 kg and remained steady.
Castorseeds declined further by Rs 15 to Rs 1,485 per quintal. Meanwhile, all the other oilseeds ruled overall steady on narrow movements.
Sugar: A mixed trend witnessed at Turbhe, wholesale sugar market at Navi Mumbai, yesterday. Small grade ruled rather easy while medium grade ruled slightly firm. A better demand led modest trend in sugar prices.
Small-grade sugar (S-30) eased to Rs 1,535-1,551 a quintal against its previous level of Rs 1,535-1,555 a quintal on subdued consumer demand against modest inflows. Medium-grade (M-30) firmed up to Rs 1,560-1,580 a quintal against its previous level of Rs 1,555-1,580. Consumer demand was modest against normal supply position. Sugar prices for check-post were quoted lower at Rs 1,518-1,530 a quintal for S-30 grade and Rs 1,544-1,555 for the medium grade yesterday.
Non-ferrous metals: A steady trend was noticed in the non-ferrous metals at the local market yesterday. Metals in both the sections ruled steady. The demand was modest against normal supply position.
In virgins, copper wirebar looked up by 50 paise at Rs 143.50 a kg on better industrial demand. Meanwhile, all the metals ruled overall steady and were nominally quoted as under: aluminium ingots Rs 92.00, zinc slabs Rs 90.00, lead ingots Rs 36.00, tin slabs Rs 370 and nickel cathodes Rs 518 a kg, respectively, on narrow movements.
In scraps, all the metals ruled overall steady and were nominally quoted as under: copper heavy scraps Rs 123.50, copper utensils Rs 104.50, brass utensils Rs 92.00, brass sheetcuttings Rs 102.00 and aluminium utensils Rs 75.00 a kg, respectively, on narrow movements.
Bullion: A weak trend witnessed in precious metals prices at the local bullion market yesterday. Both the precious metals ruled dull.
Silver .999 and .916 declined by Rs 30 and Rs 10 to Rs 7,970 and Rs 7,865 a kg, respectively, on weak upcountry advices coupled with modest industrial demand. Delhi advices indicated a moderate trend.
Standard gold and 22-carat gold prices eased by Rs 25 each to Rs 4,535 and Rs 4,195 per 10 gm, respectively, on dull overseas advices and modest local offtake. Gold biscuits prices ruled weak too and weakened by Rs 350 at Rs 53,000 per piece on sluggish offtake and normal inflows of stock and moderate trading movements.