Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Crude palm oil futures trade lower on sluggish demand

06-Sep2016

Crude palm oil futures trade lower on sluggish demand

Crude palm oil futures traded lower on MCX as participants trimmed positions on the back of sluggish demand in the spot market. Besides, adequate stocks position on higher supplies from the producing belts too fuelled the downtrend.

The contract for September delivery was trading at Rs 563.40, down by 0.23% or Rs 1.30 from its previous closing of Rs 564.70. The open interest of the contract stood at 4850.00 lots.

The contract for October delivery was trading at Rs 554.00, down by 0.05% or Rs 0.30 from its previous close of Rs 554.30. The open interest of the contract stood at 2023.00 lots on MCX.


Related News

View all news

Crude oil futures end higher on Friday

Crude oil futures ended higher on Friday on worries about possible impact of US sanctions on Iran's oil exports on crude supply in the market coupled with potential US-Saudi tensions. Prices also supported......

Crude oil futures extend losses on Thursday

Extending previous session losses, crude oil futures ended lower on Thursday due to a sharp jump in US crude inventories last week and on demand growth concerns. The Energy Information Administration's......

Crude oil futures trade lower on MCX

Crude oil futures traded lower on MCX, as speculators reduced their bets due to trade war concerns combined with surging US oil stockpiles reported on Thursday. Though, signs of surging demand in China,......

Top News

View all news

AMJ Land Holdings gets approval for scheme of amalgamation

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject......

SpiceJet to launch daily direct flight on Hyderabad Shirdi route

SpiceJet will launch daily direct flight between Hyderabad and Shirdi from November 3. The airline will be deploying its Bombardier Q400 aircraft on the route. SG 3576 will leave from Hyderabad at 9.35am......

JSW Steel emerges as preferred bidder for iron ore mine in Karnataka

JSW Steel has emerged as the preferred bidder for an iron ore mine in the state of Karnataka. The cumulative revenue from the block over the period of 50 years is Rs 1,705.39 crore with an additional contribution......