In line with the trend in the international market and rising cost of production and transporation, RIL has jacked up the price on Tuesday, second time in the month. POY and PSF have become costlier by Rs 2 a kg. New price of 126dn has been fixed at Rs 63, of 235dn at Rs 56 and that of PSF at Rs 54, exclusive of excise. Similarly, the price of texturised yarn 80dn has been raised by Rs 3 and that of 150dn by Rs 2. Among other things, the new price of 80dn roto is Rs 103, of weft Rs 98-99 and of 150dn weft Rs 83.

In line with this and in anticipation market quotations have shot up since the beginning of the week. Grey first quality of medium-sized units 80dn roto rose from Rs 96 to Rs 100-101, micro roto from Rs 94-95 to Rs 105-106, weft from Rs 88-90 to Rs 95-98 and warp from Rs 94-95 to Rs 104-105 a kg. 80/1000dn and 80/1400dn whose supply has been hit since the shut down of two leading units netted gains of Rs 10 at Rs 130-132 and at Rs 140-141 respectively.

In the case of 150dn, price gained Rs 6 to 7. Weft and warp were traded at Rs 79-80 and at Rs 87-88 respectively. Single roto rose to Rs 81-82 and double roto to Rs 83-84.

Meanwhile, there has not been any noticeable improvment in the demand for fabrics which has resulted into the operations of powerlooms in Bhiwandi continuing to be down by 35 to 40 percent, averred trade sources.

Cotton futures subdued

A quietly steady condition prevailed on the cotton market following slack demand.

Arrivals In Punjab zone were 10,000 bales comprising of 3500 bales of Bengal Deshi and 6500 bales of J-34. Bengal Deshi roller-ginned Punjab ruled at Rs 1240-1280, Haryana at Rs 1265-1270 and Rajasthan at Rs 1270-1290 a maund spot. J-34 saw-ginned good average Punjab were on offer at Rs 1720-1800, Haryana at Rs 1670-1710 and Rajasthan at Rs 1680-1690. Cart selected Punjab and Haryana ruled at Rs 1815-1825 and at Rs 1715-1725 respectively. Roller-ginned good average J-34 Punjab were on offer at Rs 1675-1685, Haryana at Rs 1610-1620 and Rajasthan at Rs 1620-1630.

V-797 at Rs 13,700-14,100, Wagad at Rs 13,500, Kalan-ginned at Rs 13,000 a candy were unchanged. Sanker new ruled at Rs 20,000-20100 and old in the range of Rs 19,500-20,500.

Futures ruled subdued. December ended lower by 9 points, February 2 points and April 11 points from their respective opening levels.

New York price ruled better by 0.20 to 0.31 cents. December ruled at 53.80, March at 55.23, May at 56 and July at 56.85 cents.

Bullion moves up

Uptrend in both the precious metals continued on the bullion market here today amidst tight overseas supplies, hectic physical buying ahead of festival coupled with bullish global advices.

Standard gold moved up by Rs 15 at Rs 4,890 per 10 gm. Gold .22 carat was up by same margin at Rs 4,525 per 10 gm. Prices of gold biscuit (116.50 gm.) hardened by Rs 200 at Rs 57,300 per piece, gaining Rs 1000 in the last two days. Traders reported steady festival support for gold. Poor supplies, firm dollar value and bullish global trend kept offerings restricted during the day. In the overseas market gold moved up from $322 to $323.50/324 per ounce.

Meanwhile silver .999 shot up by Rs 15 at Rs 8,465 per kg. Silver .916 was up by same margin at Rs 8,340 per kg. Industrial demand was slow but festival buyers were remained active. Lack of ready stock followed by encouraging Delhi advices kept offerings limited. In the international market silver slid from $5.58 to $5.53 before concluding at $5.57 per ounce.

G'nut oil ends lower

Groundnut oil eased on the oil,oilseeds market here today. Castorseed and its oil remained weak amidst poor overseas demand, steady supplies from old crop coupled with discouraging overseas advices.

Groundnut oil finished Rs 5 lower at Rs 385 per 10 kg. In Rajkot prices dropped by Rs 10/15 at Rs 610 per 15 kg. it was learnt.

Imported palm oil declined by Rs 3 at Rs 210 per 10 kg. In the global market prices fell by $2.50 at $380 per tonne for nearby delivery and at $382.50/385 per tonne for the long delivery, it was gathered.Castor oil closed Rs 3 lower at Rs 389/401 per 10 kg. Castorseed ready placed lower by Rs 15 at Rs 1,789/1,795 per quintal.

In the future section castorseed December delivery declined by Rs 20 at Rs 1,819 per quintal. In Ahmedabad prices quoted lower at Rs 1,818 and in Rajkot it was placed at Rs 1,793 per quintal.

Delhi

Maharashtra sugar millers were allowed to sell left over September quota of 30,000 tonne sugar till October 17 coupled with stock of about 50,000 tonne Brazil and China sugar in Calcutta, mill delivery sugar prices by private millers were quoted lower by Rs 5 a quintal.

Mawana sugar was traded at Rs 1590, Douralla and Modi at Rs 1453, Titabi at Rs 1465, Bagpat at Rs 1425 and Ramala at Rs 1412 a quintal.