Muted physical demand bites mentha oil
04/07/2017
Mentha oil futures were trading marginally lower during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, exiting 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 July 2017 contract is trading at Rs 884.60 per kg, down by 0.27 per cent, after opening at Rs 886.60, against the previous closing price of Rs 887. It touched the intra-day low of Rs 881 (at 10:50 hours).
04/07/2017
Mentha oil futures were trading marginally lower during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, exiting 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 July 2017 contract is trading at Rs 884.60 per kg, down by 0.27 per cent, after opening at Rs 886.60, against the previous closing price of Rs 887. It touched the intra-day low of Rs 881 (at 10:50 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
