Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Mentha oil futures trade in red on fall in demand

11-Sep2018

Mentha oil futures trade in red on fall in demand

Mentha oil futures traded in red on MCX, as speculators booked profits at prevailing levels amid fall in demand from consuming industries at spot market. Besides, ample stocks position on higher supplies from the major producing belt of Chandausi in Uttar Pradesh too fuelled the downtrend.

The contract for September delivery was trading at Rs 1783.00, down by 1.63% or Rs 29.50 from its previous closing of Rs 1812.50. The open interest of the contract stood at 1381 lots.

The contract for October delivery was trading at 1805.00, down by 1.67% or Rs 30.70 from its previous closing of Rs 1835.70. The open interest of the contract stood at 528 lots on MCX.


Related News

View all news

Crude oil futures end sharply higher on declines in output from OPEC

Crude oil futures ended sharply higher on Friday to settle near three-month high boosted by data showing declines in crude output from the Organization of the Petroleum Exporting Countries (OPEC). Besides,......

Crude oil futures settle higher on Thursday

Crude oil futures ended higher on Thursday as traders weighed potential outcomes for US-China trade talks, which may have a direct impact on demand for energy. Prices found some support from expectations......

Crude oil futures settle higher on Thursday

Crude oil futures ended higher on Thursday as traders weighed potential outcomes for US-China trade talks, which may have a direct impact on demand for energy. Prices found some support from expectations......

Top News

View all news

Paramount Communications bags major order from Kerala State Electricity Board

Paramount Communications has bagged orders worth Rs 69.53 crore from Kerala State Electricity Board, Kerala. The order is for supply of HT & LT Aerial Bunch Cables, with a delivery schedule of......

Cyient completes acquisition of remaining 26% stake in Cyient DLM

Cyient has completed acquisition of remaining 26% stake in Cyient DLM. Post to this acquisition, Cyient DLM has now become a wholly owned subsidiary of the company. Earlier, the company had signed definitive......

NBCC bids to take over bankruptcy-bound Jaypee Infratech

NBCC (India) has bid to acquire bankruptcy-bound Jaypee Infratech and complete stalled over 20,000 housing units in Noida in the state of Uttar Pradesh. A meeting of the committee of creditors will be......