A steady trend continued in groundnut oil, while industrial oils ruled easy-to-subdued at the wholesale oils and oilseeds market, Turbhe, Navi Mumbai yesterday. Imported palmolein ruled easy due to subdued demand and modest arrivals. In the futures section, castorseeds June contract remained untraded, while September contract opened lower and eased further towards closing.
Groundnut oil ruled steady and was quoted at Rs 354 per 10 kg on narrow movements. Arrivals were quite low from oil producing centres and were put at around 80/90 tonnes a day.
Kardi and sesame oil declined by Rs 2 and Rs 5 to Rs 365 and Rs 290 per 10 kg respectively on lower demand from the industrial sectors coupled with improved availability. Rapeseed oil refined firmed up by Rs 2 at Rs 270 per 10 kg on firm industrial demand and limited availability. Coconut oil white fell by Rs 20 to Rs 550 per 10 kg on reduced industrial demand and brisk arrivals. Imported palmolein eased by Re 1 at Rs 266 per 10 kg on lower demand.
In futures section, castorseeds September contract opened Rs 4.50 lower at Rs 1,149.50 and firmed up to Rs 1,152 a quintal. It declined to Rs 1,147 before closing at Rs 1,148.50 a quintal.
In oilseeds, castorseeds Madras and Maharashtra qualities declined by Rs 5 to Rs 1,094 and Rs 1,088 a quintal respectively on reduced industrial demand. All the other oilseeds ruled steady.
Sugar: A firm to upward trend continued at the wholesale sugar market. Prices of both grades of sugar moved in the upward direction. The undertone of the market was strong. Sugar S-30 grade improved to Rs 1,452/1,475 as against the previous level of Rs 1,450/1,475 a quintal. Sugar M-30 improved to Rs 1,475/1,510 as against the previous level of Rs 1,475/1,509 per quintal.Sugar for the check-post deliveries was quoted at Rs 1,430/1,450 a quintal for S-30 grade and Rs 1,450/1,470 for the M-30 grade.
Non-ferrous metals: A mixed trend was noticed in the local non-ferrous market. Prices of tin and nickel were lower, while other metals like copper, brass and zinc firmed up on better buying interests. In the scraps section, copper heavy scraps and copper utensils firmed up by 50 paise each to Rs 128.50 and Rs 116.50 per kg respectively. Brass utensils and sheetcuttings looked up by 25 paise each to Rs 97.25 and Rs 102.25 a kg respectively. Aluminium utensils ruled steady at Rs 60 per kg.
In the virgin section, tin slabs and nickel cathodes declined by Rs 3 and Rs 2 to Rs 306 and Rs 360 per kg respectively on dull industrial demand and brisk arrivals. Copper wirebar and zinc slabs firmed up by 50 paise each to Rs 139.50 and Rs 81 per kg respectively.. Aluminium ingots and lead ingots ruled steady on the whole and were quoted at Rs 77 and Rs 41 per kg respectively.
Bullion: A quiet-to-subdued trend was noticed in the local bullion market. The undertone of the market was weak. In white metals, silver .999 and .916 ruled steady on the whole and were quoted at Rs 6,725 and Rs 6,625 per kg respectively on subdued industrial demand coupled with modest overseas advices. Delhi advices indicated a weak trend.
In yellow metals, standard gold and 22-carat gold ruled steady and were quoted at Rs 4,640 and Rs 4,290 per 10 grammes respectively. Gold biscuits also ruled steady at Rs 54,300 per piece of 10 tolas.
