An easy-to-steady trend was witnessed in groundnut oil whereas other industrial oils ruled easy-to-subdued at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday.
Imported palmolein ruled steady on subdued demand as against modest availability. In futures section, castorseeds June contract remained untraded while September contract opened higher but declined towards closing.
Groundnut oil ruled overall steady, and was nominally quoted at Rs.354 per 10 kg on narrow movements. Demand remained subdued against modest arrivals from the oil producing centres. Arrivals were put at around 90 tonnes a day.
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In other oils, linseed oil and sesame oil improved by Rs.2 and Rs.5 to Rs.280 and Rs.295 per 10 kg.respectively on improved demand from the industrial sectors coupled with restricted availability. Karanji oil and sunflower oil expeller firmed up by Rs.2 each to Rs.150 and Rs.270 per 10 kg. on firm industrial demand and limited availability. Coconut oil white and soya oil refined declined by Rs.10 and Rs.3 to Rs.570 and Rs.285 per 10 kg. respectively on reduced industrial demand and brisk arrivals. Imported palmolein ruled overall steady at Rs.267 per 10 kg. on subdued demand. Majority of the other oils ruled overall steady.
In futures section, castorseeds September contract opened Rs.5 up at Rs.1159 a quintal and ruled steady at the same level. Later, it declined and closed at Rs.1154 a quintal on speculative selling.
In oilseeds, niger Madras quality declined by Rs.25 at Rs.1450 a quintal on reduced industrial demand. All the other oilseeds ruled overall steady.
Sugar: A firm-to-upward trend continued at the wholesale sugar market at Turbhe, Navi Mumbai yesterday. Both the grades of sugar moved in the upward direction.The undertone of the market was firm.
Sugar S-30 grade improved further to Rs.1450/1475 as against the previous level of Rs.1443/1470 a quintal on improved demand coupled with restricted availability. Sugar M-30 improved to Rs. 1475/1509 against the previous level of Rs.1470/1510 quintal on improved offtake. Meanwhile, sugar for the check post deliveries were quoted low at Rs.1430/1450 a quintal for S-30 grade and Rs.1443/1475 for the M-30 grade.
Non-ferrous metals :A steady trend was noticed in the local non-ferrous market yesterday. Prices of all the metals ruled overall steady. The trade volume remained small.
In scraps section, the metals were nominally quoted as under: copper heavy scraps Rs.128, copper utensils Rs.116, brass utensils Rs.97, brass sheetcuttings Rs.102 and aluminium utensils Rs.60 a kg.respectively.
In virgin section, quiet conditions were noticed yesterday, and prices were nominally quoted as under : copper wirebar Rs.139, aluminium ingots Rs.77, zinc slabs Rs. 80.50, lead ingots Rs.41, tin slabs Rs.309 and nickel cathodes Rs.362 a kg. respectively.
Bullion: Silver prices firmed up while gold prices ruled overall steady in the local bullion market yesterday. The undertone of the market was weak.
In white metals, silver.999 and .916 firmed up by Rs 15 and Rs.20 to Rs.6725 and Rs.6630 a kg. respectively. Delhi advices indicated a modest trend.
In yellow metals, standard gold and 22 carat gold ruled overall steady, and were nominally quoted at Rs.4640 and Rs. 4290 per 10 grammes respectively Gold biscuit prices also ruled steady at the previous level of Rs.54,300 per piece of 10 tolas.