Breaking News

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

19-Sep2016

Mentha oil futures edge lower on sluggish demand

Mentha Oil futures edged lower on MCX as speculators trimmed their positions, driven by sluggish demand from consuming industries at the spot market. Besides, ample stocks position on higher supplies from producing regions also weighed on mentha oil prices.

The contract for September delivery was trading at Rs 890.30, down by 0.88% or Rs 7.90 from its previous closing of Rs 898.20.The open interest of the contract stood at 4863 lots.

The contract for October delivery was trading at Rs 900.70, down by 0.76% or Rs 6.90 from its previous closing of Rs 907.60. The open interest of the contract stood at 1806 lots on MCX.


Related News

View all news

Crude oil futures trade higher on firm global trend

Crude oil futures traded higher on MCX as speculators enlarged positions tracking firm trend overseas as the United States was set to announce that all imports of Iranian oil must end or be subject to......

Crude oil futures end higher on Thursday

Crude oil futures ended higher on Thursday with marginal gains for the truncated week, as traders weighing near term crude supply and demand prospects. Oil prices took some support with tighter supply......

Crude oil futures trade tad lower on MCX

Crude oil futures traded marginally lower on MCX, as speculators reduced their bets despite firm trend in overseas markets after the Energy Information Administration (EIA) reported the first drawdown......

Top News

View all news

Bank of Baroda's board to consider issuance of equity shares of Rs 5,042 crore to Govt

Bank of Baroda's board is going to consider issuance of equity shares of Rs 5,042 crore to Government of India on a Preferential Basis. The meeting of the Board of Directors of the Bank is scheduled to......

Gujarat Petrosynthese to invest surplus funds in mutual funds, bonds, securities, shares

Gujarat Petrosynthese has received an approval to invest surplus funds in mutual funds, bonds, securities, shares, inter corporate deposits etc. to optimize its returns. The Board of Directors of the Company......

Reliance's Retail Unit delivers record-breaking performance in revenue, profits during FY19

Reliance Industries' Retail Unit--Reliance Retail has delivered a record-breaking performance in revenue and profits growth for the year 2018-19. Segment Revenue for FY19 grew by 88.7% Y-o-Y to Rs 130,566......