Subdued physical demand bites mentha oil futures
22/03/2017 10:47
Mentha oil futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators indulged in trimming their bets in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, cut down of positions by traders in the spot market was due to slide in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on restricted supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for March 2017 contract is trading at Rs 987.50 per kg, down by 0.16 per cent, after opening at Rs 986.50, against the previous closing price of Rs 989.10. It touched the intra-day low of Rs 986.50 (at 10:48 hours).
22/03/2017 10:47
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Mentha oil futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators indulged in trimming their bets in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, cut down of positions by traders in the spot market was due to slide in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on restricted supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for March 2017 contract is trading at Rs 987.50 per kg, down by 0.16 per cent, after opening at Rs 986.50, against the previous closing price of Rs 989.10. It touched the intra-day low of Rs 986.50 (at 10:48 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9470940040
