A steady trend was witnessed in groundnut oil whereas other industrial oils ruled easy-to-subdued at the Turbhe wholesale oils and oilseeds market yesterday. Imported palmolein continued to show an upward trend on better demand as against of modest availability. In future section, castorseeds June contract remained untraded, while September contract opened higher and firmed up further towards closing.
Groundnut oil ruled overall steady and was nominally quoted at Rs 357 per 10 kg. Arrivals were put at around 80/90 tonne a day.
In other oils, karanji oil and ricebran oil firmed up by Rs 2 and Rs 3 to Rs 150 and Rs 160 per 10 kg respectively.
Coconut oil white and sunflower oil expeller declined by Rs 20 and Rs 2 to Rs 580 and Rs 265 per 10 kg respectively on reduced industrial demand and brisk arrivals. Imported palmolein firmed up further by Re 1 at Rs 270 per 10 kg. Meanwhile, majority of other oils ruled steady.
In futures section, castorseeds September contract opened Rs 7 up at Rs 1,151.50 and firmed up to Rs 1,155.50 a quintal. It declined to Rs 1,151.50 before closing at Rs 1,155.50 a quintal.
In oilseeds, castorseeds Madras and Maharasthra qualities improved by Rs 4 each to Rs 1,094 and Rs 1,088 a quintal respectively on improved demand. Meanwhile, all the other oilseeds ruled steady.
Sugar: The Turbhe wholesale sugar market witnessed a firm-to-upward trend yesterday. Both the grades of sugar moved in upward direction. The undertone of the market was firm.
Sugar S-30 grade firmed up to Rs 1,430/1,465 as against the previous level of Rs 1,425/1,458 a quintal on improved demand coupled with restricted availability. While sugar M-30 improved to Rs 1,470/1,505 against the previous level of Rs 1,460/1,500 per quintal on improved offtake. Meanwhile, sugar for the check post deliveries were quoted low at Rs 1,411/1,430 a quintal for S-30 grade and Rs 1,430/1,468 for the M-30 grade.
Non-ferrous Metals: A firm-to-steady trend was seen in the local non-ferrous market yesterday.
In virgin section, copper wirebar firmed up by 50 paise at Rs 138 a kg on improved industrial demand. Other metals ruled steady and were nominally quoted as: aluminium ingots Rs 77, zinc slabs Rs 80.50, lead ingots Rs 41, tin slabs Rs 309 and nickel cathodes at Rs 363 a kg respectively.
In scraps section, copper heavy scraps and copper utensils improved by 50 paise each to Rs 127 and Rs 115 a kg respectively while brass utensils and brass sheetcuttings firmed up by 25 paise each to Rs 96.75 and Rs 101.75 a kg respectively Meanwhile, aluminium utensils ruled steady at Rs 60.00 a k.
Bullion: An easy-to-downward trend continued in the local bullion market yesterday. Both the precious metals ruled weak on sluggish demand and subdued overseas advices. The undertone of the market was weak.
In yellow metals, standard gold and 22-carat gold eased by Rs 5 each to Rs 4,660 and Rs 4,310 per 10 grammes respectively on reduced demand against moderate arrivals coupled with weak advices. Gold biscuits prices also lost Rs 50 to Rs 54,550 per piece of 10-toals on dull movements.
In white metals, silver.999 and .916 lost Rs 5 each to Rs 6,795 and Rs 6,695 a kg respectively. Delhi advices indicated a dull trend.
