An upward trend was witnessed in groundnut oil whereas other industrial oils ruled easy at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein showed a firm trend on better demand. In the futures section, castorseeds June contract remained untraded while September contract opened lower but firmed up towards closing.
Groundnut oil looked up by Rs 2, at Rs 360 per 10 kg,. on improved demand coupled with restricted arrivals. Arrivals were put at around 90 tonnes a day.
In other oils, sesame oil and soya oil refined firmed up by Rs 5 and Rs 2 to Rs 325 and Rs 296 per 10 kg. respectively on better industrial offtake followed by limited arrivals.
Karanji oil and rapeseed oil refined looked up by Rs 2 and Re.1 to Rs 162 and Rs 275 per 10 kg. respectively on improved industrial offtake while copra oil white declined by Rs 5 to Rs 505 per 10 kg on reduced demand coupled with modest inflows. Imported palmolein rose by Rs 2 at Rs 277 per 10 kg.
Majority of other oils ruled overall steady.
In futures section, castorseeds September contract opened Rs 3.50 lower at Rs 1140 and firmed up to Rs 1141.50. It declined to Rs 1138 before closing at Rs 1141 a quintal.
Sugar: A firm trend was noticed at the wholesale sugar market yesterday. The prices of both the grades of sugar looked up slightly on improved buying interest. The undertone of the market was not firm.
Sugar S-30 grade firmed up to Rs 1418/1440 as against of the previous level of Rs 1410/1440 a quintal on improved demand and moderate arrivals. Sugar M-30 grade looked up to Rs 1460/1495 as against the previous level of Rs 1450/1490 a quintal, on subdued offtake.
Sugar for the check post deliveries were quoted easy at Rs 1380/1400 a quintal for S-30 grade and Rs 1425/1447 for the M-30 grade.
Non-ferrous Metals: A firm-to-steady trend continued in the local non-ferrous market yesterday.
Industrial demand remained better as against limited arrivals.
In the scraps section, copper utensils, brass utensils and brass sheetcuttings firmed up further by 25 paise each to Rs 112, Rs 95 and Rs 99.50 a kg. respectively on better buying interest from industry circles.
In virgin section, copper wirebar eased by 25 paise, at Rs 136 a kg on reduced industrial demand
All the other metals ruled overall steady and prices were quoted as under : Aluminium ingots Rs 76.50, zinc slabs Rs 80.00, lead ingots Rs 41.50, tin slabs Rs 314 and nickel cathodes Rs 370 a kg, respectively on narrow movements.
Bullion: An easy-to-steady trend was witnessed in the local bullion market yesterday.
Both the precious metals ruled subdued. The undertone of the market was weak.
In white metals, silver.999 eased by Rs 5 at Rs 6875 per kg on dull offtake while .916 ruled overall steady. The latter was nominally quoted at Rs .6775 per kg.
In yellow metals, standard gold and 22 carat gold ruled overall steady and were nominally quoted at Rs 4775 and Rs 4415 per 10 grammes respectively, on narrow movements followed by subdued overseas advices.
Gold biscuits prices also ruled overall steady at Rs 55,800 per piece of 10 tolas on subdued demand.
