Oils and Oilseeds: Groundnut oil weakened by Rs 3 at Rs 375 per 10 kg on dull consumer demand against modest arrivals from the producing centres.
The arrivals of imported goods remained brisk and the trading volume was thin. Out-of-state orders indicated a subdued trend.
Copra oil white and ricebran oil declined by Rs 5 and Rs 3 to Rs 345 and Rs 145 per 10 kg respectively on subdued industrial demand. Castor oil commercial and FSG qualities eased by Re 1 each to Rs 303 and Rs 315 per 10 kg respectively on modest industrial demand against easy inflows.
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Imported RBD palmolein eased by Rs 2 at Rs 192 per 10 kg on subdued offtake against improved arrivals while imported soya oil refined held overall steady at Rs 218 per 10 kg on subdued industrial offtake against better inflows.
Castorseeds December contract opened Rs 17 lower at Rs1319 a quintal and firmed up to Rs 1333. It declined to Rs 1319 before closing to Rs 1333 on speculative movements. RBD palmolein November-2000 contract opened Rs 1.50 up at Rs 195.00 per 10 kg and held steady at the same level.
It declined and closed to Rs 193 on narrow movements. Whereas October and December -2000 contracts remained untraded yesterday. Castor oil international October contract remained untraded yesterday.
In oilseeds, castorseeds eased by Rs 5 at Rs 1365 a quintal on lack of industrial interest and easy arrivals, while nigerseeds firmed up by Rs 5 at Rs 2005 a quintal. Meanwhile, all the other oilseeds ruled steady and were nominally quoted as under : kardi seeds Rs 1125 a quintal on narrow movements.
Sugar: An easy to subdued trend continued at Turbhe, wholesale sugar market at Navi Mumbai, yesterday. Both the grades ruled subdued. A modest demand led fair trend in sugar prices.
Small-grade sugar (S-30) eased further to Rs 1499/1525 a quintal agaisnt its previous level of Rs 1500/1530 on dull consumer demand against moderate inflows.
Medium-grade (M-30) declined further to Rs 1523/1555 a quintal against its previous level of Rs 1525/1555. Consumer demand was subdued against normal supply position.
Sugar prices for check-post were quoted lower at Rs 1475/1485 a quintal for S-30 grade and Rs 1504/1515 for the medium grade yesterday.
Non-ferrous metals : Copper firmed up and lead eased while all the metals ruled steady in the non-ferrous metals at the local market yesterday. Metals in both the sections ruled quiet.
The demand was dull against normal supply position. In virgins, copper wirebar firmed up by Re 1 at Rs 155 a kg on better industrial demand while lead ingots eased by 50 paise at Rs 41.00 a kg on subdued offtake.
Meanwhile, all the other metals showed a quiet trend and were nominally quoted as under: aluminium ingots Rs 92.00, zinc slabs Rs 91.00, tin slabs Rs 374 and nickel cathodes Rs 540 a kg respectively on narrow movements.
In scraps, all the metals ruled overall steady and were nominally quoted as under : copper heavy scraps Rs 127.00, copper utensils Rs 107, brass utensils Rs 94.50, brass sheetcuttings Rs 101.50 and aluminium utensils Rs 75.00 a kg respectively on narrow movements.
Bullion: A mixed trend witnessed in precious metals prices at the local bullion market yesterday. Silver ruled firm while gold ruled mostly dull. Silver .999 held overall steady on narrow movements while silver .916 eased by Rs 5 to Rs 7980 a kg on dull upcountry advices and modest offtake. Delhi advices indicated a moderate trend.
Standard gold and 22 carat gold prices looked up by Rs 5 each to Rs 4,520 and Rs 4,180 per 10 gm respectively on moderate overseas advices and normal local offtake. Gold biscuits prices ruled overall steady at Rs 52,800 per piece on subdued offtake and normal inflows of stock.