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Mixed trend prevails in precious metals; castor oil dips 

Our Bureau/Agencies  
Mumbai, July 26: Prices showed a mixed trend on the bullion market here today as silver improved further on increased support, but gold turned weak due to lack of local demand in the face of increased supply.

Ready silver (.999 fineness) resumed better at Rs 7960 and rose further on good industrial demand and closed at Rs 7990, showing a rise of Rs 35 over the last close of Rs 7955. Raw silver (.916 fineness) rose by Rs 20 to Rs 7845 from yesterday's close of Rs 7825 and tenderable silver hardened to Rs 7995 from Rs 7960.

On the other hand, standard gold started on a subdued note at Rs 4505 and declined further to close at Rs 4500, showing a fresh fall of Rs 15 over the previous close of Rs 4515. 22-carat gold was nominally quoted lower at Rs 4160 from the last close of Rs 4175 and ten-tola gold bar (.999 purity) declined by Rs 150 to Rs 52,600 from yesterday's close of Rs 52,750.

Nickel declines
Nickel prices declined moderately in a mixed non-ferrous metal market here today. Nickel fell due to lack of demand from industries and weak global advices. However, copper, brass and zinc moved up on stray demand from industries.

Nickel declined by Rs 3 per kg to Rs 535 from Rs 538.

Copper scrap edged up to Rs 123.50 per kg, followed by copper wire bar to Rs 137, copper utensils scrap to Rs 103.50, brass utensils scrap to Rs 89.75, brass sheets cutting to Rs 98.75 and zinc to Rs 89.50.However, aluminium, lead and tin ruled steady.

Palm oil falls
Prices of select oils and oilseeds declined marginally on the oilseeds market here today due to poor support.

Imported palm oil fell by Rs 3 to end at Rs 221 from the last close of Rs 224 due to weak overseas advices. Groundnut oil, however, held steady at Rs 410 on scattered support.

Castor oil commercial eased to Rs 343 on reduced offtake and castorseed bold Madras dropped marginally to Rs 1565 from Rs 1570. Linseed oil showed no change from its last close of Rs 300.

In futures, castorseed September contract opened better at Rs 1554, but soon met with heavy stockists' offering and nosedived to a low of Rs 1538. Later, prices improved on some export demand and ended at Rs 1544, showing a moderate fall of Rs 7 over the last close of Rs 1551.

In castor oil international contract, August delivery closed slightly weaker at Rs 362 as against the previous level of Rs 361.

Yarn listless
A steady condition was in evidence in nylons and viscose filament yarn.Demand in nylon yarn remained satisfactory in sympathy with the trend in nylon fabrics. Gujnil 20/1/0 dn were in demand at Rs 295, 30/1/0 dn at Rs 320 and 111/24/0 dn at Rs 164 a kg. 15/1/0 dn Shreelon ruled at Rs 300.

Viscose filament yarn bright cones first quality Century Rayon/ Indian Rayon 120 dn were in demand at Rs 205 and 150 dn at Rs 193. Among coarse deniers, 180 dn were quoted at Rs 180, 225 dn at Rs 156, 300 dn at Rs 151, 450 dn at Rs 137 and 600 dn at Rs 132. 120 dn dull cones were placed at Rs 206.

Grains static
A dull trend prevailed on the grains market following sluggish activity.Wheat Maharashtra Lokvan ruled at Rs 775-800, SRT at Rs 875-925 and HD at Rs 900-925 a quintal. Milling wheat were quoted at Rs 735-750.

Rice Perimal Punjab medium were on offer at Rs 1,000-1,200 and superior at Rs 1,250-1,300.

Among pulses, green peas USA Rumba/ Heart were placed at Rs 1,200 and Canada at Rs 871. White peas Canada found sellers at Rs 941-951. Moong Myanmar medium and superior were transacted at Rs 1,700-1,800 and at Rs 1,900-2,000 respectively. Thailand moong were quoted at Rs 1,700-1,750.

Tur Myanmar old ruled at Rs 1,375-1,400 and new at Rs 1,500. Malawi tur were placed at Rs 1,450-1,500, Kenya at Rs 1,600 and Tanzania at Rs 1,650. Kabuli gram, A-2, Mexico were on offer at Rs 3,700-3,750 and Canada/ USA at Rs 3,500-3,600, B-2 Canada were mentioned at Rs 3,300, Australian at Rs 3,100-3,200 and Turkey/ Iran at Rs 2,900-3,000. C-2 were placed in the range of Rs 2,200-2,600. Natural Kabuli were traded at Rs 2,800-2,900.

Cotton unchanged
In restricted trading, prices hovered around the previous day's levels on the cotton market.

In Punjab zone, J-34 saw ginned good average, Haryana ruled at Rs 1,900-1,915 and Rajasthan at Rs 1,885-1,910 a maund on spot. Cart selected Punjab were quoted at Rs 1,950-2,015, Haryana at Rs 1,950-1,970 and Rajasthan at Rs 1,915-1,930.

Bengal deshi roller ginned Punjab were on offer at Rs 1,135-1,180, Haryana at Rs 1,190-1,205 and Rajasthan at Rs 1,150-1,170.

V-797 were placed at Rs 13,500-13,900, Morabi wagad at Rs 13,100 and Sanker at Rs 18,000-20,200 a candy.

Sugar quiet
A quietly steady condition was noticed on the sugar market in the wake of thin buying support.

M-30 ruled at Rs 1,515-1,535 and S-30 at Rs 1,485-1,500 a quintal, ex-octroi checkpost. Ex-godown, the prices ruled at Rs 1,532-1,570 and at Rs 1,505-1,533 respectively.

Delivery orders, ex-mill, for M-30 were quoted at Rs 1,460-1,475 and for S-30 at Rs 1,430-1,440 in Kolhapur line.

Delhi
Dhania, at the Delhi spices market tumbled down by Rs 100 at Rs 2350-3700 a quintal in view of favourable rains in Rajasthan coupled with slack demand from south buyers. Kalaunji suffered a sharp fall of Rs 200-300 at Rs 6500-7200 a quintal as demand from pickel manufacturers was reported sluggish.

Gum Dhavra slipped by Rs 10-20 a kg on selling pressure. Cardamom brown further slipped by Rs 10 at Rs 230-255 a kg as ensuing crop prospects were reported bright.

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