Oils and Oilseeds: Groundnut oil ruled weak and lost further Rs 5 at Rs 345 per 10 kg on improved availability of ready stock against subdued demand from consumers, while all the other oils ruled steady to easy in the local oils and oilseeds market yesterday.
The arrivals of imported goods remained scarce and the trading volume was modest. Out-of-state orders indicated a modest trend. Castorseeds September contract commenced today.
Cottonseed oil washed and linseed oil eased by Re 1 and Rs 5 to Rs 282 and Rs 285 per 10 kg respectively on dull industrial demand against easy availability of ready stock. While cottonseed oil refined firmed up by Rs 2 at Rs 287 per 10 kg on better industrial enquires.
Castor oil commercial and FSG qualities eased by Rs 2 each to Rs 237 and 249 per 10 kg respectively on dull industrial demand against normal inflows. Imported RBD palmolein held overall steady at Rs 230 per 10 kg on subdued industrial demand against normal inflows, while imported soya oil refined eased by Re 1 at Rs 251 per 10 kg on dull movements.
Castorseeds June-2001 contract opened Rs 22 down at Rs 1,068 a quintal and held overall steady at the same level. It declined and closed to Rs 1,060 on speculative movements. New September contract commenced at Rs 1,125 a quintal and firmed up to Rs 1,131. It declined and closed to Rs 1,125 on narrow speculative movements.
All the RBD palmolein contracts i.e. - January, February and March-2001 remained untraded yesterday. Castor oil international June-2001 contract opened Rs 2 down at Rs 261 per 10 kg and held overall steady at the same level throughout the trading session.
In oilseeds, kardiseeds improved by Rs 5 at Rs 1,120 a quintal on better industrial enquires against limited availability of ready stock. While castorseeds eased by Rs 10 at Rs 1,035 a quintal on subdued industrial demand against modest availability of ready stock.
Meanwhile, nigerseeds ruled overall steady at Rs 1,650 a quintal on narrow movements.
Sugar: An easy to subdued trend witnessed in sugar prices on sluggish consumer offtake against easy inflows at the local Turbhe wholesale sugar market yesterday. Both the grades ruled dull.
Small-grade sugar (S-30) eased further to Rs 1,450/1,480 a quintal against its previous level of Rs 1,460/1,480 on easy availability of ready stock against dull consumer demand.
Medium-grade (M-30) declined further to Rs 1,490/1,540 a quintal against its previous level of Rs 1,498/1,540 on weak demand against modest availability. Consumer demand was weak against normal supplies of ready stock. Sugar prices for check-post were quoted low at Rs 1,430/1,470 for S-30 grade and Rs 1,470/1,520 a quintal for M-30 grade yesterday.
Non-ferrous metals: Nickel, and lead firmed up, tin declined while all the other metals witnessed a steady trend in the non-ferrous metals at the local market yesterday. Metals in both the sections ruled mostly steady.
In virgins, nickel cathodes and lead ingots firmed up by Rs 3 and Re 1 to Rs 461 and Rs 39.50 a kg respectively on reduced availability of ready stock against better industrial demand.
Tin slabs eased by Rs 3 to Rs 373 a kg on weak industrial interest against easy availability of ready stock. Meanwhile, all the other metals ruled overall steady and were nominally quoted as under : copper wirebar Rs 133.50, aluminium ingots Rs 96.00 and zinc slabs Rs 80.00 a kg respectively on narrow movements.
Bullion: A mixed trend witnessed in precious metals prices at the local bullion market yesterday. Silver ruled firm while gold ruled steady.
Silver .999 and .916 firmed up moderately by Rs 5 and Rs 10 to Rs 7,350 and Rs 7,235 a kg respectively on better overseas advices and modest offtake locally. Delhi advices indicated a modest trend. Standard gold and 22 carat gold held overall steady to Rs 4,370 and Rs 4,040 per 10 gramms respectively on subdued demand coupled with steady upcountry advices.
Gold biscuits prices ruled firm and gained Rs 50 at Rs 51,200 per piece on firm industrial movements.
