Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Mentha oil futures trade marginally lower on muted demand

18-Sep2017

Mentha oil futures trade marginally lower on muted demand

Mentha oil futures traded marginally lower on MCX as investors and speculators cut down their positions in the agri-commodity amid muted demand for mentha oil from major consuming industries in the domestic spot market. Further, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh, too weighed on mentha oil prices.

The contract for September delivery was trading at Rs 1198.50, down by 0.27% or Rs 3.20 from its previous closing of Rs 1201.70. The open interest of the contract stood at 3244 lots.

The contract for October delivery was trading at Rs 1213.50, down by 0.19% or Rs 2.30 from its previous closing of Rs 1215.80. The open interest of the contract stood at 1428 lots on MCX.


Related News

View all news

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......

Mentha oil futures edge higher on improved demand

Mentha oil futures edged higher on MCX as speculators raised their bets, driven by improved demand from consuming industries at the domestic spot market. Further, lower arrivals from the major producing......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......