Oils and Oilseeds: Groundnut oil improved by Rs 5 at Rs 385 per 10 kg on better consumer demand against restricted arrivals from the producing centres. The arrivals of imported goods remained subdued and the trading volume was thin. Out-of-state orders indicated a subdued trend.
Cottonseed oil washed and refined qualities eased by Rs 2 each to Rs 243 and Rs 248 per 10 kg on dull industrial demand while ricebran oil dropped by Rs 8 at Rs 135 per 10 kg in absence of industrial interest. Castor oil commercial and FSG qualities ruled quiet at Rs 301 and Rs 313 per 10 kg respectively on modest industrial demand against easy inflows. Imported RBD palmolein and imported soya oil refined weakened by Rs 6 and Re 1 to Rs 184 and Rs 217 per 10 kg respectively on brisk arrivals from overaseas markets against dull offtake.
Castorseeds December contract opened steady at Rs1347 a quintal and ruled overall steady at the same level. It declined and closed to Rs 1340 on speculative movements.
RBD palmolein November-2000 contract opened Rs 3 down at Rs 186.00 per 10 kg and ruled steady at the same level. It declined and closed to Rs 184.50 per 10 kg on narrow movements. Whereas December -2000 contract opened Rs 7 lower at Rs 195 per 10 kg and ruled overall steady at the same level. It declined to Rs 193.50 before closing to Rs 195. October-2000 contract remained untraded yesterday.
Castor oil international October contract remained untraded yesterday, while December contract-2000 opened steady at Rs 319 per 10 kg and ruled overall steady at the same level throughout the trading centre.
In oilseeds, all the oilseeds ruled overall quiet and were quoted at castorseeds Rs 1355, nigerseeds Rs 2000 and kardi seeds at Rs 1125 a quintal respectively on narrow movements.
Sugar: A firm to steady trend was noticed at Turbhe, wholesale sugar market at Navi Mumbai. yesterday. Both the grades ruled mostly firm. A fair demand led moderate trend in sugar prices.
Small-grade sugar (S-30) fairly firmed up to Rs 1500/1525 a quintal agaisnt its previous level of Rs 1499/1525 on modest consumer demand against normal inflows. Medium-grade (M-30) looked up to Rs 1525/1560 a quintal against its previous level of Rs 1525/1555 on modest offtake and limited availability. Consumer demand was fair against normal supply position. Sugar prices for check-post were quoted lower at Rs 1480/1495 a quintal for S-30 grade and Rs 1500/1522 for the medium grade yesterday.
Non-ferrous metals : A better to steady trend witnessed in the non-ferrous metals at the local market yesterday. Metals in both the sections ruled upward. The demand was modest against normal supply position.
In virgins, copper wirebar and zinc slabs looked up by 50 paise each to Rs 155.50 and Rs 90.50 a kg respectively on better industrial demand and subdued inflows from overseas market. Nickel cathodes and lead ingots declined by Rs 4 and by 50 paise to Rs 531 and Rs 40.50 a kg respectively on sluggish industrial demand against easy supplies from the overseas markets. Meanwhile, all the other metals ruled overall quiet and were nominally quoted as under: aluminium ingots Rs 92.00 and tin slabs Rs 372 a kg respectively on narrow movements.
In scraps, copper heavy scraps and brass utensils firmed up by 50 paise each to Rs 126.50 and Rs 93.00 a kg respectively on better offtake. Meanwhile, all the other metals ruled overall steady and were nominally quoted as under : copper utensils Rs 106.50, brass shhetcuttings Rs 101 and aluminium utensils Rs 75.00 a kg respectively on narrow movements.
Bullion : A weak trend witnessed in precious metals prices at the local bullion market yesterday. Both the precious metals ruled dull.
Silver .999 and .916 declined by Rs 30 and Rs 45 to Rs 8100 and Rs 7965 a kg respectively on weak international advices and dull offtake. Delhi advices indicated a moderate trend.
Standard gold and 22 carat gold prices weakened by Rs 15 each to Rs 4,525 and Rs 4,185 per 10 gm respectively on dull overseas advices and normal local offtake. Gold biscuits prices ruled weak too and lost Rs 300 at Rs 52,900 per piece on subdued offtake and normal inflows of stock.
