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 settle at two-month high on Wednesday

Extending gains for second straight session, crude oil futures ended higher to settle at a two-month high on Wednesday as government data showed that a fifth-straight weekly decline in US crude inventories.......

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......

Top News

View all news

TCS iON enters into strategic business partnership with The Training Room

Tata Consultancy Services' (TCS) strategic business unit TCS iON has entered into a strategic business partnership with The Training Room, a leading UK provider of technical training courses and careers......

IGL plans to add 60 CNG stations, give 2 lakh connections in FY19

Indraprastha Gas (IGL) is planning to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government's......

RCF to begin work on coal gasification based fertilizer plant at Talcher: Report

Rashtriya Chemicals and Fertilizers (RCF) will reportedly commence work on the coal gasification based fertilizer plant at Talcher in state of Odisha. The company has got approval for equity investment......