Sluggish demand drags down mentha oil futures by 0.68%
25/04/2017
Mentha oil futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, trimming of positions by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for April 2017 contract is trading at Rs 932 per kg, down by 0.68 per cent, after opening at Rs 937.30, against the previous closing price of Rs 938.40. It touched the intra-day low of Rs 931.60 (at 10:32 hours).
25/04/2017
Mentha oil futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, trimming of positions by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for April 2017 contract is trading at Rs 932 per kg, down by 0.68 per cent, after opening at Rs 937.30, against the previous closing price of Rs 938.40. It touched the intra-day low of Rs 931.60 (at 10:32 hours).
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Silver down on feeble global cues
Free Bullion Calls, 1st session: 25.APR.2017
Crude oil dips on oversupply worries
Gold dips on French election outcome
MINI MCX Commodity Support and Resistance Level : 25.04.2017
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