Polyester yarn grey first quality of medium-sized units 80dn rotoset at Rs 82-83, micro rotoset at Rs 100-102 and weft at Rs 80-82 a kg were static. 150dn weft and warp also continued to be traded at Rs 66-67 and at Rs 78-79 respectively.

Meanwhile, RIL has slashed the price of its grey 80dn texturised yarn by Rs 5 and that of 150dn grey by Rs 3 a kg. Among other things, the new price of 80dn rotost has been fixed at Rs 88, of weft at Rs 85 and that of 150dn weft at Rs 70.

Sugar dull

A dull trend prevailed on the sugar market on restricted activity.

M-30 were placed at Rs 1460-1525 and S-30 at Rs 1420-1455 a quintal ex-godown. Ex-octroi checkpost, M-30 were placed at Rs 1440-1450 and S-30 at Rs 1415-1425.

In tenders, the price improved by Rs 5. M-30 were indicated at Rs 1395-1400 and S-30 at Rs 1475-1480 in Kolhapur line.

Pakistan sugar continued tobe on offer at Rs 1395 plus tax.

Cotton improves

A better trend prevailed on the cotton market.

Short and medium staple cottons were placed higher by Rs 100 a candy on lack of rains in the producing centres. V-797 were quoted at Rs 15,800-16,000, Morbi wagad at Rs 15,400-15,500 and kala ginned at Rs 14,600-14,700 spot. Sanker ruled steady in the range of Rs 18,500-22,500.

In Punjab zone, ready Bengal Deshi were placed at Rs 1550-1600, J-34 saw-ginned good average at Rs 1815-1900 and cart-selected at Rs 1950-2100.New crop Bengal Deshi September were placed at Rs 1450, October at Rs 1310-1340 and November at Rs 1300.

Industrial oils rally

Prices of industrial oils rallied while groundnut oil was nominally quoted steady on the oilseeds market here today. Futures market remained closed on account of Parsi New Year holiday.

In the non-edible section, castor oil rose sharply by Rs 6 to close at Rs 472 from yesterday's close of Rs 466 on heavy soap manufacturers' buying. Castorseed flaredup to Rs 2170 from Rs 2141 on higher export demand. Linseed oil attracted paint industries' support and rose by Rs 5 to end at Rs 445 from Rs 440 while linseed oil held steady at Rs 1600.

In the edible section, groundnut oil was nominally quoted unchanged at Rs 585 and groundnut bold was untraded. Imported palm was down by Rs 2 at Rs 362 as against the last mark of Rs 364 due to weak overseas advices. DelhiGroundnut oil in Hyderabad and Mumbai further flared up by Rs 100 at Rs 5600 and Rs 5850 a quintal respectively, consequently, groundnut oil, on the local market scaled a new high at Rs 5800, showing a sharp spurt of Rs 100 a quintal, but there were no transactions at these rates.

NDDB continued to procure mustard oil at higher rates, consequently, tax-paid mustard oil moved up by Rs 20 at Rs 4650 a quintal. Castor oil in Mumbai left behind coconut oil and touched Rs 4660 a quintal mark as a result, castor oil, on the local market shot up by Rs 75 at Rs 4400 a quintal.

It was reported that there wasno stock of castor oil in the wholesale markets of the country. New castor crop is expected by October.

Mahuwa oil recorded a sharp rise of Rs 100-150 a quintal as offerings from Raipur remained negligible.

Bullion weak

Despite improved New York advices, spot silver slipped by Rs 20 and gold, on the Delhi bullion market also suffered a mild loss on Saturday.

Though New York silver future improved to 520 cents from 514 cents an ounce, yet imported inflow of silver moved up from 8000 kgs. to 10,000 kgs. on Friday coupled with slack demand, spot silver .999 fineness dipped by Rs 20 at Rs 7750 a kg. and silver weekly delivery, too, slipped by Rs 5 at Rs 7820 a kg. due to lack of speculative support. Upcountry demand in silver remained poor. Silver coins held steady at Rs 10500-10700 per 100 pieces due to paucity of ready stock.

In anticipation of sale of gold by Australia, gold prices, on the overseas market slipped to $284.25 an ounce, consequently, gold biscuit and standard mint gold dipped byRs 15-20 at Rs 4215 and Rs 4225 per 10 gram respectively. Demand in gold from jewellers remained dull because of off-marriage season. Gold sovereign too dipped by Rs 25 at Rs 3450-3500 per 8 gram.

Tin declines further

As the stockists unloaded while consumers units offtake remained sluggish, tin ingot was down further by Rs 2 at Rs 361 a kg. Nickel plate, copper wire bar, rod, its wire and aluminium products also were offered at the previous prices. Copper utensil, mixed scrap and wire scrap rose by 50 paise a kg.