THE non-ferrous metals market ended on a mixed note last week amid thin trading owing to poor availability of funds. Lead desi inched up by 50 paise a kg as HZL increased lead sale price by Rs4.30 per kg amid tight supply of raw material and firm advices from LME. Lead on LME edged up by $20 to $2,960 per tonne past week. Nickel Russian Plate surged by Rs15 to Rs1,375/1,385 per kg as its prices on LME scaled up from $28,832 to $29,412 per tonne on speculative buying. Inco Nickel, however, moved down on stockists' selling. Tin was up Rs13 at Rs925 following firm LME tin at $20,650 per tonne end week. Aluminium CG ingot and rod moved up by Rs2 per kg to Rs140 and Rs146/147 per kg as aluminium prices on LME shot up from $2,864 to $3,056 per tonne. Copper held steady amid lack of buying support.
BULLION
DELHIbullion market remained highly volatile past week owing to speculative trade and mixed signals from global markets. Gold managed to surpass its previous week level, while silver, though witnessing a mid-week high, ended lower by Rs100 against its previous week level. Spot silver (.999) which went up to Rs23,700 per kg and then touched a new low of Rs23,200, closed at Rs23,600 end week after reaching a high of Rs24,100 per kg mid week. In London silver during the period rose from 1,774 cent to 1,838 cent per ounce and then ended at 1,790 cent after easing to 1,760 cent. Silver coin closed at Rs266 per coin amid uneven support from upcountry buyers. Gold Standard (.999) also mirrored the international trend. Closely following London gold, which rose from $912 to $924 per ounce, Gold standard here stepped up from Rs12,010 to Rs12,140 per 10 gm.
CHEMICALS
MIXED trends were noticed in the Delhi chemicals market past week. Caustic Soda Flake shot up by Rs75 to Rs1,375 per 50 kg bag end week amid tight supply and manufacturers upping the sale price. Ammonia Bicarb surged from Rs420 to Rs600 per 25 kg touching a new high amid higher offtake by bakery units. Chinese Sodium Hydrosulfite edged up by Re1 and settled firm at Rs65 per kg on appreciation in import booking rate. Sodium Bichromate spurted to Rs4,600, gaining Rs200 per 50 kg on tight stocks. Resin flared up by Rs40 and reached a high of Rs650/680 per tonne on weak supplies coupled with heavy demand from consuming industries. Chemicals such as Turpentine and Varnish also ruled firm amid local buying. Paraffin Wax was up Rs1/4 a kg to Rs68/80 amid soaring crude oil prices. Wax Residue also closed firm at Rs36,000 per tonne. Stable Bleaching Powder and Alum also witnessed an uptrend. Liquid Hypo rose Rs50 to Rs250 per 40 kg .
GUR & SUGAR
THE Delhi gur and sugar market remained divergent past week with sugar ending lower, while gur registered good gains amid stockists' support and firm advices from producing centres. In the futures market S grade April sugar slipped from Rs1,397 to Rs1,372 per quintal on speculative selling, pulling down coopperative, corporation and private mill sugar by Rs20/25 per quintal.
OIL & OILSEEDS
CLOSELYfollowing the international trend, the Delhi oil and oilseeds market ended positive past week after witnessing a brief phase of weakness in the early week. Rising rate of inflation at 7.41% and crude palm oil (CPO) in Malaysia spurting to $1,150 per tonne amid hectic buying by Asian countries, all major edible oils sprang up shedding their initial weakness. Mustard oil expeller surged by Rs150 to Rs5,700 per quintal on fresh support from stockists. Mustard seed 42 percent condition edged up by Rs75 to Rs2,650 per quintal. Soya refined oil on the spot market held firm as soya oil April futures in Indore appreciated from Rs568 to Rs574 per 10 kg amid speculative buying. Cottonseed oil, which was seen quoting lower at Rs5,250, escalated to Rs5,380 per quintal end week.
GRAINS & PULSES
THE wholesale grains and pulses market witnessed opposing trends past week, while grains traded negative, pulses spurted again and ended firm on pick up in demand. Among cereals, mill-quality wheat dropped to Rs1,090/1,110, losing Rs40/45 a quintal amid weak demand. Suji eased by Rs20 a bag on lack of buying support. Atta and Maida also ended weak on poor demand. Rice sharbati was down by Rs800/1,000 per quintal amid restriction on exports.
BULLION
DELHIbullion market remained highly volatile past week owing to speculative trade and mixed signals from global markets. Gold managed to surpass its previous week level, while silver, though witnessing a mid-week high, ended lower by Rs100 against its previous week level. Spot silver (.999) which went up to Rs23,700 per kg and then touched a new low of Rs23,200, closed at Rs23,600 end week after reaching a high of Rs24,100 per kg mid week. In London silver during the period rose from 1,774 cent to 1,838 cent per ounce and then ended at 1,790 cent after easing to 1,760 cent. Silver coin closed at Rs266 per coin amid uneven support from upcountry buyers. Gold Standard (.999) also mirrored the international trend. Closely following London gold, which rose from $912 to $924 per ounce, Gold standard here stepped up from Rs12,010 to Rs12,140 per 10 gm.
CHEMICALS
MIXED trends were noticed in the Delhi chemicals market past week. Caustic Soda Flake shot up by Rs75 to Rs1,375 per 50 kg bag end week amid tight supply and manufacturers upping the sale price. Ammonia Bicarb surged from Rs420 to Rs600 per 25 kg touching a new high amid higher offtake by bakery units. Chinese Sodium Hydrosulfite edged up by Re1 and settled firm at Rs65 per kg on appreciation in import booking rate. Sodium Bichromate spurted to Rs4,600, gaining Rs200 per 50 kg on tight stocks. Resin flared up by Rs40 and reached a high of Rs650/680 per tonne on weak supplies coupled with heavy demand from consuming industries. Chemicals such as Turpentine and Varnish also ruled firm amid local buying. Paraffin Wax was up Rs1/4 a kg to Rs68/80 amid soaring crude oil prices. Wax Residue also closed firm at Rs36,000 per tonne. Stable Bleaching Powder and Alum also witnessed an uptrend. Liquid Hypo rose Rs50 to Rs250 per 40 kg .
GUR & SUGAR
THE Delhi gur and sugar market remained divergent past week with sugar ending lower, while gur registered good gains amid stockists' support and firm advices from producing centres. In the futures market S grade April sugar slipped from Rs1,397 to Rs1,372 per quintal on speculative selling, pulling down coopperative, corporation and private mill sugar by Rs20/25 per quintal.
OIL & OILSEEDS
CLOSELYfollowing the international trend, the Delhi oil and oilseeds market ended positive past week after witnessing a brief phase of weakness in the early week. Rising rate of inflation at 7.41% and crude palm oil (CPO) in Malaysia spurting to $1,150 per tonne amid hectic buying by Asian countries, all major edible oils sprang up shedding their initial weakness. Mustard oil expeller surged by Rs150 to Rs5,700 per quintal on fresh support from stockists. Mustard seed 42 percent condition edged up by Rs75 to Rs2,650 per quintal. Soya refined oil on the spot market held firm as soya oil April futures in Indore appreciated from Rs568 to Rs574 per 10 kg amid speculative buying. Cottonseed oil, which was seen quoting lower at Rs5,250, escalated to Rs5,380 per quintal end week.
GRAINS & PULSES
THE wholesale grains and pulses market witnessed opposing trends past week, while grains traded negative, pulses spurted again and ended firm on pick up in demand. Among cereals, mill-quality wheat dropped to Rs1,090/1,110, losing Rs40/45 a quintal amid weak demand. Suji eased by Rs20 a bag on lack of buying support. Atta and Maida also ended weak on poor demand. Rice sharbati was down by Rs800/1,000 per quintal amid restriction on exports.
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