Oils and Oilseeds: Groundnut oil ruled weak and declined by Rs 3 at Rs 332 per 10 kg while all the other oils witnessed easy to steady trend in the local oils and oilseeds market yesterday.The arrivals of imported goods remained easy and the trading volume was thin. Out-of-state orders indicated a modest trend.
Kardi oil and linseed oil declined by Rs 8 and Rs 5 to Rs 290 and rs 337 per 10 kg respectively on improved availability of ready stock while karanji oil firmed up by Rs 3 at Rs 160 per 10 kg on modest arrivals.
Castor oil commercial and FSG qualities held overall steady at Rs 305 and Rs 317 per 10 kg respectively on modest industrial demand against normal inflows. Imported RBD palmolein and imported soya oil refined looked up by Rs 2 and Rs 4 to Rs 219 and Rs 244 per 10 kg respectively on short supply of ready stock.
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Castorseeds December contract remained untraded yesterday. February-2001 contract opened Rs 3 down at Rs 1361 and firmed up to Rs 1364. It declined to Rs 1361 before cloisng to Rs 1362 a quintal on better speculative movements.
RBD palmolein - December-2000 contract opened Rs 3 up at Rs 220.00 per 10 kg and ruled overall steady at the same level throughout the trading day. January-2001 contract opened Rs 2 up at Rs 222 per 1 0 kg and ruled overall steady at the same level on subdued speculative movements. Meanwhile, all the other contracts i.e., February and March-2001remained untraded yesterday.
Castor oil international December contract-2000 opened Re 1 lower at Rs 318.00 per 10 kg and ruled overall steady at the same level throughout the trading sesson.
In oilseeds, all the oilseeds ruled overall steady and were nominally quoted as under : castorseeds Rs 1375, kardiseeds Rs 1110 and nigerseeds Rs 2000 a quintal on subdued industrial demand.
SUGAR: An upward to firm trend witnessed in sugar prices at the local Turbhe wholesale sugar market yesterday. Both the grades ruled firm.
Small-grade sugar (S-30) firmed up to Rs 1425/1455 a quintal agaisnt its previous level of Rs 1415/1451 on better consumer demand against normal inflows. Medium-grade (M-30) looked up to Rs1450/1495 a quintal against its previous level of Rs 1445/1485 on firm offtake and limited availability of ready stock. Consumer demand was fair against normal supply position. Sugar prices for check-post were quoted lower at Rs 1402/1420 a quintal for S-30 grade and Rs 1427/1450 for the medium grade yesterday.
Non-ferrous metals: A steady trend witnessed in the non-ferrous metals at the local market yesterday. The demand was almost steady against normal supply position.
In virgins, all the metals ruled overall steady and were nominally quoted as under : copper heavy scraps Rs 148.00, aluminium ingots Rs 89.00, zinc slabs Rs 85.50, lead ingots Rs 40.00, tin slabs Rs 373 and nickel cathodes Rs 492 kg respectively on narrow movements.
In scraps, all the metals ruled overall steady and were nominally quoted as under : copper heavy scraps Rs 121.00, copper utensils Rs 104.50, brass utensils Rs 91.25, brass sheetcuttings Rs 98.00 and aluminium utensils Rs 73.50 a kg respectively on narrow movements.
Bullion: A mixed trend witnessed in precious metals prices at the local bullion market yesterday. Silver ruled steady while gold ruled weak.
Silver .999 and .916 prices held overall steady at Rs 7815 and Rs 7710 a kg respectively on subdued local offtake. Delhi advices indicated a moderate trend.