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The commodities wholesale markets moved both ways, lowering trend had an edged to local as well as international impact during the week ended on September 20, 2008, when change was marked in oil prices and value of dollar.
On the opening day the trend began to show taking away tension from low-income people. How long is difficult to predict inside political turmoil and destabilisation efforts in western part of the country, which is already under war like situation. The sugar prices, so volatile, were lower particularly low quality, which lost RS 100 to RS 2900, while better type shed RS 50 to RS 3250.
The kirana items (per 40 kg) black pepper from Singapore retreated by RS 200 to RS 9800, sago closed down by RS 125 to RS 1875, while mace moved the other way round up RS 2000 to RS 36,000.
On Tuesday, except tea, prices recorded downtrend particularly world corn prices. In Karachi traders murmured surprised fall in grain prices such as gram garda Punjab low type shed RS 100 to RS 4200, while the other type was lower by RS 150 to RS 4450, gram garda dal Punjab inferior shed RS 100 to RS 5500, while better type lost RS 200 to RS 5700, yellow peas Canada fell sharply by RS 200 to RS 3900, while other type was quoted at RS 4100, beetle Chana I good kind lost RS 100 to RS 4500, the other kind lost RS 150 to RS 4750, beetle 50x50 low type shed RS 100 to RS 4300, while other type shed RS 100 to RS 4300 and better type shed RS 150 to RS 4550, dal beetle low type shed RS 100 to RS 5600 and superior type fell RS 200 to RS 5800. Bajra low type shed RS 400 to RS 1900, while the other type stayed put at RS 3000, rapeseed Nawabshah lost RS 75 to RS 1825, the other kind lost RS 105 to RS 1835, Dudulane inferior type shed RS 150 to RS 1500 while better type was down RS 175 to RS 1525, rapeseed Mirpurlane shed RS 50 to RS 1800, while the other type was quoted at RS 1825, rapeseed cakes lost RS 600 to RS 3400, while better kind shed RS 700 to RS 3800.
On Wednesday juwar, til and raw rubber went with the losing trend as juwar low kind lost RS 125 to RS 1700, better type gave in RS 100 to RS 1800, wheat old and new both gained to RS 20 to RS 2400, while the other type was quoted at RS 2505, til lost rather sharply RS 200 to RS 3200 and the other type was quoted at RS 3600, raw rubber (per Lb) Merryrub (equivalent to RSSV at RS 111 and RSSV quoted at RS 112, by RS 5 to RS 730, Semnan Tex shed RS 5 to RS 730 and Thai (G.T) closed lower by RS 5 to RS 730.
On Thursday wheat prices maintained surge amid subdued business. On the cereal counter wheat prices rose by RS 10 to RS 2500-2515 due to tight supplies, sugar low type gained RS 100 to RS 3000, while the other quality did not move any side in process of trading, gur prices, however, fell by RS 100 to RS 2000-3200, other items maintained the overnight levels, they said. On the seed side, til recovered RS 200 to RS 3400-3800. Other commodities did not move any side amid low activity.
On Jodia Bazaar trading in plastic moulding compounds closed down on Thursday. The changes were: PLASTIC MOULDING COMPOUNDS (per lb): HDPE (FILM): Saudia 952 edged down by RS 8.50 to RS 72, Mobil edged closed lower by RS 8 to RS 72 and TR144 finished downward by RS 9 to RS 71.
HDPE (INJECTION): Sabic 200056 went lower by RS 5 to RS 76, Mobil 016 moved downward by RS 5 to RS 75 and Iran finished lower by RS 8 to RS 71. HDPE (BLOW): Kuwait moved downward by RS 4 to RS 75, Marlex edged lower by RS 7 to RS 72 and Iran went down by RS 7 to RS 72.
LDPE: 374 moved downward by RS 6 to RS 80 and MG 20 edged lower by RS 8 to RS 80.
LLDPE: W118 finished down by RS 6.50 to RS 77, 7087 ended lower by RS 7.50 to RS 76 and Sabic 500026 was quoted at Rs78.
POLYPROPYLENE (FILM): Thai moved down by RS 10 to RS 76, Kuwait edged lower by RS 10 to 76 and India finished downward by RS 9 to RS 76.
POLYPROPYLENE (TAPE GRADE): India finished lower by RS 8 to RS 71, Kuwait moved down by RS 8 to RS 71 and Saudia closed lower by RS 8 to RS 71.
POLYPROPYLENE (INJECTION GRADE): Saudia moved downward by RS 8 to RS 71, India finished lower by RS 8 to RS 71 and Kuwait went downward by RS 8 to RS 71. POLYSTYRENE: BASF closed lower by RS 150 to RS 4,250 and Pakistani was quoted at RS 4,118.
COPOLY: Block moved downward by RS 3 to RS 76 and Randon edged lower by RS 2 to RS 81.
HIGH IMPACT (per bag): Pakistani was quoted at RS 4,541 ABS: Polylac 707 went lower by RS 150 to RS 4,850 and Iran finished down by RS 150 to RS 4,750.
On Friday the Karachi grain and seeds markets remained close on account of Raman.
On Jodia Bazaar prices of Kirana items closed higher. The changes were: KIRANA ITEMS (per 40 kg): Mace closed up by RS 1000 to RS 37,000, cloves edged higher by RS 1000 to RS 17,500, sago moved upward by RS 25 to RS 1,900 and cuminseed moved up by RS 100 to RS 8,500.
DRY FRUITS (per 40 kg): Dates was quoted at RS 3000/8000.
On Saturday business was subdued on the grain market, as balanced demand and supply did not allow the rates to fluctuate sharply. On the cereal side moong Punjab quoted lower at RS 2875, sugar superior quality was down by RS 50 to 3300, while the low type did not move any side at RS 3300, they said. On the rice sector, Irri-6 Sindh registered lower at RS 3100, other types maintained the over night levels.
On Jodia Bazaar chemicals showed mixed trend. The changes were: CHEMICALS (per kg): Sodium sulphate edged down by 50 paisa to RS 14, formic acid Germany closed lower by RS 2 to RS 123, oxalic acid China finished downward by Re 1 to RS 80 and citric acid China moved upward by RS 10 to RS 88.
PETROLEUM JELLY: Sulphonic acid HARD edged higher by RS 3 to RS 160, PVA Japan closed up by RS 11 to RS 264.
HYDROSULPHITE: China 88 percent was quoted at RS 114 and Germany closed higher by RS 2 to RS 154.
HYDROGEN PEROXIDE (35 percent): Taiwan went down by RS 2.20 to RS 59.40, Korea finished lower by RS 2.90 to RS 59.60 and Thailand moved downward by RS 3 to RS 57.

Copyright Business Recorder, 2008

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