Groundnut oil ruled overall steady on subdued buying interest and modest arrivals, while other industrial oils stayed easy-to-steady at the wholesale oils and oilseeds market here yesterday. Imported palmolein eased on reduced demand. In futures section, castorseeds December contract firmed up towards close.
Groundnut oil was nominally quoted at Rs 350 per 10 kg. Arrivals were put at around 85/90 tonnes a day. Sunflower oil expeller and karanji oil eased by Rs 3 and Re 1 to Rs 288 and Rs 153 per 10 kg respectively on reduced industrial demand. Castor oil Com and BSS qualities firmed up further by Re 1 each to Rs 268 and Rs 280 a kg respectively on improved industrial offtake. Imported palmolein declined by Rs 2 at Rs 268 per 10 kg on subdued industrial demand coupled with modest arrivals. Majority of other oils ruled overall steady.
In futures section, December contract opened Rs 1.50 up at Rs 1159.50 and advanced to Rs 1162 a quintal. It declined to Rs 1159.50 before closing at Rs 1162 a quintal.
In oilseeds, castorseeds Madras and Maharashtra qualities improved further by Rs 4 each to Rs 1190 and Rs 1184 a quintal respectively on better buying interests from the industry circles.
Sugar:. Both the sugar grades remained subdued at the sugar market yesterday. Sugar S-30 ruled at Rs 1480/1502 against the previous level of Rs 1490/1500 a quintal on subdued consumer demand,while M-30 ruled at Rs 1502/1542 against the previous level of Rs 1511/1536. Sugar for the check post deliveries were quoted low at Rs 1463/1475 a quintal for S-30 and Rs 1483/1495 for the M-30 grade.
Non-ferrous metals: The local non-ferrous market also witnessed an easy-to-steady trend. Virgin metals ruled mixed while scraps metals held overall steady. Demand remained subdued as against of the modest arrivals. The undertone of the market was hesitant.
In virgin section, zinc slabs eased further by 50 paise to Rs 83.25 a kg on dull offtake and better inflows. All the other metals ruled steady and were nominally quoted as: copper wirebars Rs 128.50, aluminium ingots Rs 81.50, lead ingots Rs 41.50, tin slabs Rs 312 and nickel cathodes Rs 323 a kg respectively.
In scraps section, all the metals ruled quiet and steady and were nominally quoted. Copper heavy scraps were quoted at Rs 119, copper utensils at Rs 110, brass utensils at Rs 96, brass sheetcuttings at Rs 102 and aluminium utensils at Rs 61 a kg respectively.
Bullion: A firm-to-upward trend was noticed in the local bullion market. Both the precious metals advanced mainly on firm overseas advices.
Silver.999 and .916 varieties advanced further by Rs 95 each to Rs 7410 and Rs 7310 a kg on firm overseas advices and improved industrial demand from upcountry centres. Arrivals remained limited. Delhi advices also indicated better trend.
Standard gold and 22 carat gold gained Rs 15 each to Rs 4505 and Rs 4170 a kg respectively on better overseas advices and improved demand. Gold biscuit prices also firmed up by Rs 200 at Rs 52,900 a piece of gold bar
of 10 tolas.
