Groundnut oil weakened further on reduced demand coupled with brisk arrivals while other industrial oils ruled easy-to-steady at the wholesale oils and oilseeds market here yesterday. In futures section, castorseeds September contract opened lower and eased further towards closing while December contract opened steady and remained at the same level towards closing.
Groundnut oil declined by Rs 2 at Rs 366 per 10 kg on reduced demand and improved arrivals from the producing centres. Arrivals were put at around 95/100 tonnes a day.
Linseed oil looked up by Rs 3 to Rs 295 per 10 kg on better industrial demand coupled with modest arrivals. Ricebran oil dropped by Rs 3 to Rs 170 per 10 kg on dull offtake while cottonseed oil washed firmed up by Re 1 to Rs 286 per 10 kg on reduced demand and better arrivals.
In futures section, castorseeds contract September contract opened 50 paise lower at Rs 1173.5 a quintal and ruled steady at the same level. It declined to Rs 1168 before closing at Rs 1169.50. Sugar: A firm-to-upward trend was witnessed at the local sugar market. Both the grades moved in upward direction. Sugar S-30 looked up to Rs 1495/1520 as against the previous level of Rs 1490/1515 a quintal on improved consumer offtake while M-30 firmed up to Rs 1525/1550 against the previous level of Rs 1520/1545 a quintal on better offtake.
Non-ferrous metals: An easy-to-steady trend was witnessed in the local non-ferrous market. Demand remained dull as against better arrivals. The undertone of the market was hesitant.
In virgin section, nickel cathodes and tin slabs continued to decline by Rs 3 and Rs 2 to Rs 328 and Rs 285 per kg respectively on reduced industrial demand coupled with improved arrivals. All the other metals ruled steady and were nominally quoted as: copper wirebars Rs 131, aluminium ingots at Rs 78, zinc slabs Rs 84 and lead ingots Rs 42 a kg respectively on narrow movements.
In scraps section, brass utensils and brass sheetcuttings eased by 25 paise each to Rs 96 and Rs 101 a kg respectively on reduced industrial demand and improved arrivals. Other metals ruled overall steady and were quoted nominally.
Bullion: A mixed trend was noticed in the local bullion market yesterday. Silver ruled firm while gold ruled overall steady. The undertone of the market was hesistant.
In white metals, silver.999 and .916 improved further by Rs 30 each to Rs 6445 and Rs 63450 a kg respectively on firm overseas advices, better industrial demand and restricted arrivals. Delhi advices indicated firm trend.
In yellow metals, both standard gold and 22 carat gold ruled steady and were quoted at Rs 4520 and Rs 4,180 per 10 grams respectively on subdued demand.
