Groundnut oil ruled easy on subdued demand coupled with modest arrivals. Other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein ruled firm in spite of subdued demand against modest arrivals. In the futures section, castorseeds September contract remained untraded.
Groundnut oil declined by Re 1 at Rs 360 per 10 kg on weak demand and modest arrivals from producing centres. Arrivals were put at around 90 tonnes a day.
Linseed and soya oil refined declined by Rs 2 each to Rs 288 and Rs 281 per 10 kg respectively on reduced industrial demand. Castor oil commercial and BSS qualities firmed up further by Re 1 each to Rs 268 and Rs 280 per 10 kg respectively on better industrial demand and limited arrivals. A majority of the other oils ruled steady on the whole on narrow movements.
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December contract opened at Rs 1,164 and firmed up to Rs 1,165 a quintal. It declined to Rs 1,160 before closing at Rs 1,162 a quintal. Castorseeds Madras and Maharashtra qualities firmed up further by Rs 4 each to Rs 1,190 and Rs 1,184 a quintal respectively on renewed demand.
Sugar: A steady-to-subdued trend was witnessed at the wholesale sugar market. The undertone of the market was weak. S-30 grade was quoted at the previous level of Rs 1,510/1,525 a quintal on moderate consumer offtake while M-30 improved slightly to Rs 1,530/1,555 as against the previous level of Rs 1,530/1,550 a quintal.. Sugar for the check-post deliveries was quoted at Rs 1,480/1,495 a quintal for the S-30 grade and Rs 1,498/1,511 for the M-30 grade.
Non-ferrous metals: An easy-to-downward trend was witnessed in the local non-ferrous market yesterday.
The demand remained dull as against brisk arrivals. The undertone of the market was hesitant. In the virgin section, nickel cathodes declined by Rs 2 at Rs 326 a kg on sluggish demand and improved arrivals from upcountry centres. .The other metals were nominally quoted as under - aluminium ingots at Rs 78, zinc slabs at Rs 86.50 and lead ingots at Rs 42 per kg.Copper heavy scraps, copper utensils, brass utensils and brass sheetcuttings eased by 50 paise each to Rs 119, Rs 109, Rs 95 and Rs 100 a kg respectively on reduced industrial offtake. Aluminium utensils were quoted at Rs 60 a kg on narrow movements.
Bullion: A divergent trend continued in the local bullion market. The undertone of the market was hesitant. In white metals, both the silver.999 and .916 firmed up further by Rs 85 each to Rs 6,895 and Rs 6,795 a kg respectively on firm overseas advices, improved industrial demand and restricted arrivals. Delhi advices indicated a better trend.