Groundnut oil witnessed a weak trend while other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market here yesterday. Imported palmolein ruled easy.
In futures, castor seeds March 98 contract opened lower and ruled steady, while the June contract opened lower and eased further towards closing.
Groundnut oil declined by Rs 3 at Rs 364 per 10 kg. Sesame and sunflower oil expeller eased Rs 5 and Rs 2 to Rs 340 and Rs 353 per 10 kg respectively on reduced offtake. Copra oil-white firmed up by Rs 10 to Rs 500 per 10 kg on improved industrial demand. Imported palmolein eased Rs 3 at Rs 322 per 10 kg on easy availability.
In futures, castorseeds March 98 contract opened 50 paise down at Rs 1,213 a quintal and ruled at the same level throughout the session. The June contract opened 50 paise lower at Rs 1,257 a quintal. It declined and closedat Rs 1,254 a quintal. In oilseeds, castorseeds- Madras and Maharashtra firmed up by Rs 5 each to Rs 1,205 and Rs 1,199 a quintal respectively.
Sugar: A better-to-firm trend prevailed in sugar prices on improved consumer offtake coupled with modest arrivals at the local sugar market.
The S-30 grade firmed up to Rs 1425/1460 from the previous level of Rs 1424/1450 a quintal. Sugar M-30 edged up to Rs 1450/1510 as against the previous level of Rs 1430/1505 a quintal Sugar for the check post deliveries were quoted lower at Rs 1410/1425 a quintal for S-30 and Rs 1435/1468 for the M-30 grade.
Non-ferrous metals : An easy-to-steady trend was noticed in the local non-ferrous metals market. The demand remained dull against normal arrivals. The undertone remained hesitant.
In scraps, copper heavy scraps and brass sheetcuttings declined by 50 paise each to Rs 104.50 and Rs 87.25 a kg respectively, while copper utensils and brass utensils eased by 25 paise each to Rs 93.25 and Rs 82.75 a kg respectively. Aluminium utensils ruled steady at the previous level of Rs 62.00 a kg on narrow movements.
In virgin metals, copper wirebar and zinc slabs dipped by 50 paise each to Rs 114 and Rs 70.25 a kg respectively. All the other metals ruled overall steady and were nominally quoted as: aluminium ingots Rs 82, lead ingots Rs 40, tin slabs Rs 345 and nickel cathodes Rs 310 a kg respectively.
Bullion: An easy-to-downward trend was witnessed in the local bullion market.
In white metals, silver .999 and .916 eased further by Rs 5 and Rs 15 to Rs 8760 and Rs 8630 a kg respectively.
In yellow metals, standard gold and 22 carat gold dipped by Rs 15 each to Rs 3960 and Rs 3660 per 10 grams respectively. Overseas advices indicated an easy trend. Gold biscuit prices declined Rs 100 at Rs 46,400 per piece of bar .
