Groundnut oil ruled easy on dull demand coupled with improved arrivals whereas other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein eased further on reduced demand.
Groundnut oil eased by Rs 2 at Rs 348 per 10 kg on subdued demand.
In other oils, linseed oil and mowra oil declined by Rs 5 each to Rs 280 and Rs 230 per 10 kg respectively. Kardi oil, soya oil refined and sunflower oil expeller dropped by Rs 3 each to Rs 327, Rs 283 and Rs 285 per 10 kg respectively. Imported palmolein declined further by Rs 2 at Rs 266 per 10 kg on subdued industrial demand.
In futures section, December contract opened Rs 2 up at Rs 1164 a quintal and ruled steady at the same level. It later declined to Rs 1161 before closing at Rs 1162.50 a quintal on better movements.
In oilseeds, kardi seeds lost Rs 25 to Rs 1050 a quintal on dull industrial demand.
Sugar: An easy-to-downward trend was noticed at the wholesale sugar market yesterday. Both the grades of sugar ruled weak. The undertone of the market was weak.
Sugar S-30 grade eased to Rs 1478/1501 from the previous level of Rs 1480/1502 a quintal on dull consumer demand. Sugar M-30 softened to Rs 1491/1535 against the previous level of Rs 1502/1542 a quintal on limited offtake. Meanwhile, sugar for the checkpost deliveries were quoted low at Rs 1460/1470 a quintal for S-30 grade and Rs 1480/1490 for the M-30 grade.
Non-ferrous metals: An easy-to-steady trend was witnessed in the local non-ferrous market yesterday. Nickel cathodes eased by Rs 2 at Rs 321 a kg on dull offtake and improved inflows. Meanwhile, all the other metals ruled overall steady and were nominally quoted as under : copper wirebars Rs 128.50, aluminium ingots Rs 81.50, Zinc slabs Rs 83.25, lead ingots Rs 41.50 and tin slabs Rs 312 a kg. respectively
In scraps section, all the metals ruled quiet and steady and were nominally quoted as under : copper heavy scraps Rs 119, copper utensils Rs 110, brass utensils Rs 96, brass sheetcuttings Rs 102 and aluminium utensils Rs 61 a kg.respectively
Bullion: An easy-to-downward trend was noticed in the local bullion market yesterday. Both the precious metals weakened mainly due to weak overseas advices.
In white metals, silver, both .999 and .916, declined by Rs 45 each to Rs 7365 and Rs 7265 a kg respectively on weak overseas advices coupled with dull industrial demand.
In yellow metals, standard gold and 22 carat gold eased Rs 35 each to Rs 4470 and Rs 4135 per 10 gms respectively on dull overseas advices and subdued demand. Gold biscuit prices also softened by Rs 400 at Rs.52,500 a piece.
