Groundnut oil eased further on improved arrivals from producing centres coupled with lower demand, while other industrial oils ruled better-to-steady at the oils and oilseeds market, yesterday. Imported palmolein ruled easy on subdued demand.
Groundnut oil softened by Re 1 at Rs 360 per 10 kg. Arrivals from producing centres stood at around 90 tonnes a day.
Mowra and sesame oil declined by Rs 5 each to Rs 255 and Rs 335 per 10 kg respectively. Kranji oil and soya oil refined receded by Rs 2 and Re 1 to Rs 160 and Rs 310 per 10 kg respectively. Copra oil white improved by Rs 20 to Rs 540 per 10 kg. Imported palmolein eased by Re 1 to Rs 302 per 10 kg.
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In futures, castorseeds March 98 contract opened Re 1 lower and firmed up to Rs 1175.50 a quintal. It declined to Rs 1173 before closing at Rs 1175.50 a quintal.
Castorseeds Madras and Maharashtra qualities declined by Rs 4 each to Rs 1210 and Rs 1204 a quintal.
Sugar: An easy-to-subdued trend was noticed in sugar prices on dull consumer offtake coupled with better arrivals. The undertone of the market remained dull. Sugar S-30 grade eased to Rs 1432/1450 (Rs 1430/1460) a quintal. Sugar M-30 grade declined to Rs 1452/1515 (Rs 1451/1512) a quintal. Sugar for the check post deliveries were quoted firm at Rs 1410/1425 a quintal for S-30 grade and Rs 1432/1445 for the M-30 grade.
Non-ferrous metals: A firm-to-steady trend was noticed in the non-ferrous metals market. Demand remained dull and undertone hesitant.
In scraps, copper heavy scraps, copper utensils and brass utensils looked up to Rs 106, Rs 94.50 and Rs 83.50 respectively. Brass sheetcuttings was quoted at Rs 88.25 a kg. Aluminium utensils rules steady at Rs 62.50 a kg.
In virgin metals, copper wirebar firmed up by 25 paise at Rs 116 a kg. The other metals were nominally quoted as under : aluminium ingots Rs 82, zinc slabs Rs 71.50, lead ingots Rs 40, tin slabs Rs 335 and nickel cathodes Rs 327 a kg respectively on narrow movements.
Bullion: A mixed trend was witnessed in the bullion market yesterday. Silver advanced whiile gold ruled overall steady. The undertone of the market remained weak.
In white metals, silver .999 and .916 improved by Rs 45 each to Rs 8,410 and Rs 8,310 a kg respectively on firm overseas advices coupled with modest industrial demand.
In yellow metals, both standard gold and 22 carat gold ruled overall steady and were nominally quoted at Rs 4,010 and Rs 3,710 per 10 gramms.Gold bisucit prices also ruled steady at the previous level of Rs 46,900 per piece of gold bar on dull trading.