An upward trend was noticed in groundnut oil whereas other industrial oils ruled easy-to-subdued at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein recovered on slightly firm demand. The futures section remained closed on account of Buddha Purnima.
Groundnut oil firmed up by Rs 3 at Rs 358 per 10 kg on improved demand coupled with modest arrivals. Arrivals were put at around 80/90 tonnes a day.
In other oils, copra oil white and sesame oil improved by Rs 5 each to Rs 540 and Rs 330 per 10 kg respectively on better industrial offtake followed by reduced arrivals. Linseed oil looked up by Rs 2 at Rs 290 per 10 kg on better industrial offtake, while mowra oil declined by Rs 5 at Rs 280 per 10 kg on reduced demand coupled with better inflows.
Imported palmolein looked up by Re 1 at Rs 280 per 10 kg on moderate demand. Meanwhile, majority of other oils ruled overall steady on narrow movements.
In oilseeds, all the oilseeds ruled overall steady on narrow movements.
Sugar: An upward-to-firm trend was noticed at the wholesale sugar market. Sugar of both the grades moved up in upward direction. The undertone of the market was firm. Sugar S-30 grade firmed up to Rs 1,432/1,470 as against the previous level of Rs 1,390/1,455 a quintal on improved demand and moderate arrivals.
Sugar M-30 grade improved to Rs 1,461/1,500 a quintal from the previous level of Rs 1,460/1,496 on better offtake. Meanwhile, sugar for the check post deliveries were quoted easy at Rs 1,405/1,420 a quintal for S-30 grade and Rs 1,440/1,460 for the M-30 grade.
Non-ferrous Metals: A firm to steady trend was noticed in the local non-ferrous market. Industrial demand remained moderate as against limited arrivals. The trade volume remained small.
In virgin section, tin slabs and nickel cathodes improved by Rs 2 and Rs 3 to Rs 314 and Rs 372 a quintal respectively on improved industrial demand against restricted arrivals.
Meanwhile, all the other metals ruled overall steady and were nominally quoted as under: copper wirebars, Rs 136, aluminium ingots, Rs 76, zinc slabs, Rs 79.50 and lead ingots, Rs 41.50 a kg respectively on narrow movements. In scraps section, copper heavy scraps, copper utensils, brass utensils and brass sheetcuttings firmed up by 25 paise each to Rs 123, Rs 111, Rs 94.25 and Rs 98.75 a kg, respectively on firm industrial offtake. Meanwhile, aluminium utensils ruled overall steady at Rs 59.50 a kg on narrow movements.
Bullion: An easy-to-subdued trend was witnessed in the local bullion market. The undertone of the market was not firm.
In yellow metals standard gold and 22 carat gold eased by Rs 10 and Rs 5 to Rs 4,760 and Rs 4,405 per 10 grammes on sluggish demand followed by weak overseas advices.
Gold biscuits prices also eased by Rs 100 at Rs 55,700 per piece of 10 tolas on reduced demand.
In white metals, silver.999 and .916 weakened by Rs 5 each to Rs 6,870 and Rs 6,770 a kg respectively on subdued industrial demand coupled with modest arrivals. Delhi advices also indicated weak trend.
