Groundnut oil held overall steady on subdued offtake coupled with moderate arrivals from the producing centres. Other industrial oils ruled easy to steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein ruled steady.
Groundnut oil held overall steady at Rs 376 per 10 kg on narrow movements. In other oils, linseed oil and kardi oil by Rs 5 and Rs 10 to Rs 330 and Rs 390 per 10 kg.
Ricebran oil and karanji oil eased by Rs 3 and Rs 2 to Rs 170 and Rs 158 per 10 kg respectively. Imported palmolein fell by Re 1 at Rs 323 per 10 kg on improved offtake.
In futures section, June contract opened at Rs 1.50 lower at Rs 1,229.50 a quintal and firmed up to Rs 1,230. It declined to Rs 1,227 before closing to Rs 1,228.50 a quintal.
In oilseeds, kardi seeds declined by Rs 25 to Rs 1,425 a quintal . Castor seeds Madras and Maharashtra dipped by Rs 5 each to Rs 1,181 and Rs 1,175 a quintal respectively on selling pressure.
Sugar: An easy-to-subdued trend was seen in sugar prices on dull consumer offtake coupled with modest arrivals.
Sugar S-30 grade eased to Rs 1,438/1,470 from the previous level of Rs 1,440/1,473 a quintal. Sugar M-30 grade ruled subdued at Rs 1,460/1,513 as against the previous level of Rs 1,455/1,515 a quintal.
Meanwhile, sugar for the check post deliveries were quoted lower at Rs 1,418/1,430 a quintal for S-30 grade and Rs 1,440/1,475 for the M-30 grade.
Non-ferrous metals: A steady trend was noticed in the local non-ferrous metals market. The undertone remained hesitant.
In scraps section, all the metals ruled overall steady and were nominally quoted as under: copper heavy scraps Rs 105.75, copper utensils Rs 93.50, brass utensils Rs 83, brass sheetcuttings Rs 87.50 and aluminium utensils Rs 62 a kg respectively.
In virgin metals, a quiet trend was noticed. Metals were nominally quoted as under: copper wirebar Rs 115.25, aluminium ingots Rs 82, zinc slabs Rs.70, lead ingots Rs 40, tin slabs Rs 345 and nickel cathodes Rs 310 a kg respectively.
Bullion: There was a divergent trend in the local bullion. Both the precious metals ruled opposite to each other. The undertone remained dull.
In white metals, silver .999 and .916 eased by Rs 15 and Rs 10 to Rs 8,625 and Rs 8,520 a kg respectively.
In yellow metals, standard gold and 22 carat gold firmed up by Rs 10 each to Rs 3,990 and Rs 3,690 per 10 grams respectively, on firm consumer interests.
Gold biscuit prices recovered by Rs 100 at Rs 46,900 per piece of gold bar on improved offtake.
