Groundnut oil ruled easy on subdued demand, whereas other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein ruled weak on dull demand as against modest arrivals. In future section, castorseeds September contract opened higher and firmed up further towards closing. Groundnut oil eased by Rs 2 at Rs 372 per 10 kg on reduced demand and better arrivals from the producing centres. Arrivals were put at around 90/95 tonnes a day.
In other oils, kardi oil and soya oil refined improved by Rs 4 and Rs 2 to Rs 370 and Rs 285 per 10 kg respectively on improved industrial demand coupled with modest arrivals. Ricebran oil eased by Rs 2 to Rs 170 per 10 kg respectively on improved arrivals and dull industrial offtake.
In future section, castorseeds September contract opened Rs 3 up at Rs 1,150 and firmed up to Rs 1,153 a quintal. It declined to Rs 1,147.50 before closing at Rs 1152 on improved buyings. In oilseeds, castorseeds Madras and Maharashtra qualities improved further by Rs 5 each to Rs 1,162 and Rs 1,156 a quintal respectively on better industrial offtake.
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Sugar: An easy-to-subdued trend continued at the wholesale sugar market at Turbhe, Navi Mumbai yesterday. Both the grades of sugar ruled easy.
The undertone was not firm. Sugar S-30 grade eased to Rs 1,470/1,498 from the previous level of Rs 1,470/1,495 a quintal on reduced consumer offtake, while sugar M-30 weakened to Rs 1,495/1,526 as against the previous level of Rs 1,495/1,530 a quintal on modest offtake.
Non-ferrous Metals: A firm-to-steady trend was noticed in the local non-ferrous market yesterday. The demand remained better as against modest arrivals
In scraps section, copper heavy scraps, brass utensils and brass sheetcuttings firmed up by 25 paise each to Rs 125.50, Rs 96.75 and Rs 101.75 a kg respectively on improved industrial demand and limited arrivals.
In virgin section, zinc slabs looked up by 50 paise at Rs 84.50 a kg on better offtake coupled with firm overseas advices. Mean-while, all the other metals like copper wirebar, aluminium ingots, lead ingots, tin slabs and nickel cathodes ruled overall steady and were nominally quoted at Rs 135, Rs 78, Rs 42, Rs 291 and Rs 341 a kg, respectively.
Bullion: A firm-to-upward trend was noticed in the local bullion market yesterday. Both the precious metals ruled in upward direction. Silver.999 and .916 improved further by Rs 5 each to Rs 6,335 and Rs 6,235 a kg respectively on firm overseas advices, improved industrial offtake coupled with restricted arrivals. Delhi advices indicated better trend.
Both standard gold and 22 carat gold recovered by Rs 15 each to Rs 4,540 and Rs 4,200 per 10 grams, respectively.