Breaking News

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

17-May2017

Mentha oil futures trade marginally lower on sluggish demand

Mentha oil futures traded marginally lower on MCX as speculators reduced their positions amid sluggish demand from industries at the spot market. Further, ample stocks position on increased arrivals from Chandausi in Uttar Pradesh too added pressure on mentha oil prices.

The contract for May delivery was trading at Rs 952.30, down by 0.22% or Rs 2.10 from its previous closing of Rs 954.40. The open interest of the contract stood at 1467 lots.

The contract for June delivery was trading at Rs 928.50, down by 0.09% or Re 0.80 from its previous closing of Rs 929.30. The open interest of the contract stood at 1238 lots on MCX.


Related News

View all news

Crude oil futures end higher on Tuesday

After falling in previous session, Crude oil futures ended higher on Tuesday in the wake of a short-term disruption in Libyan output. Libya's national oil company has declared force majeure on exports......

Crude palm oil futures trade higher on short covering

Crude palm oil futures traded higher on MCX, with the covering of position at lower available prices. However, cheaper imports and steady demand is capping the up-trend.The contract for December delivery......

Crude oil futures end higher on Tuesday

After falling in previous session, Crude oil futures ended higher on Tuesday in the wake of a short-term disruption in Libyan output. Libya's national oil company has declared force majeure on exports......

Top News

View all news

NBCC receives LoA from Ministry of Skill Development and Entrepreneurship

NBCC (India) has received a Letter of Award (LoA) of work from Ministry of Skill Development and Entrepreneurship, Government of India for construction of office building i.e. Kaushal Bhawan at New Delhi.......

Phoenix Mills transfers its entire stake held in Insight to Island

Phoenix Mills has entered into a Share Purchase Agreement (SPA) with Insight Mall Developers, its wholly-owned subsidiary (Insight) and Island Star Mall Developers, its subsidiary (Island), for sale/disposal......

AGC Networks' arm incorporates subsidiary in New Zealand

AGC Networks' wholly owned subsidiary -- AGC Networks Australia Pty, Australia, has incorporated its subsidiary namely 'AGC Networks New Zealand' which is registered with the Registrar of Companies of......