Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Mentha oil futures edge higher on rising demand

16-May2018

Mentha oil futures edge higher on rising demand

Mentha oil futures edged higher on MCX after participants raised bets on rise in demand from the consuming industries at the spot market. Further, restricted supplies from the major producing belts of Chandausi in Uttar Pradesh too supported mentha oil prices' uptrend.

The contract for May delivery was trading at Rs 1317.00, up by 0.94% or Rs 12.20 from its previous closing of Rs 1304.80. The open interest of the contract stood at 895 lots.

The contract for June delivery was trading at 1173.90, up by 0.47% or Rs 5.50 from its previous closing of Rs 1168.40. The open interest of the contract stood at 593 lots on MCX.


Related News

View all news

Crude oil futures end higher ahead of inventory data

Crude oil futures ended higher on Tuesday as risks to global crude supplies escalated ahead of data that are expected to reveal a fifth-straight weekly decline in US inventories. Saudi Arabia's remarks......

Crude oil futures trade tad lower on trade war concerns

Crude oil futures traded marginally lower on MCX, as speculators cut bets amid concerns over the latest escalation in the US-China trade war, which clouded the demand outlook. US President Donald Trump......

Crude oil futures end lower with marginal losses on Monday

Crude oil futures ended lower with marginal losses on Monday as investors focused on deepening trade tension between the US and China that is expected to dent global crude demand. But, losses remained......

Top News

View all news

TI Financial Holdings to make investment of up to Rs 50 crore

TI Financial Holdings has received an approval for the further investment in shares of Cholamandalam Investment and Finance Company (CIFCL) up to 300,000 equity shares Rs 10 each, up to a sum not exceeding......

Glenmark Pharma inducts into Dow Jones Sustainability Indices 2018

Glenmark Pharmaceuticals has been listed on the Dow Jones Sustainability Indices 2018. Dow Jones Sustainability Index (DJSI) is one of the most esteemed global benchmarks for sustainable business practices.......

Tata Steel completes acquisition of 51% equity stake in CPDPL

Tata Steel has completed the acquisition of 51% equity stake in Creative Port Development (CPDPL). Earlier, the company had executed definitive agreement for development of Subarnarekha Port &......