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Mentha Oil Prices Hold Steady Amidst Firm Demand

7 Dec 2023 5:27 pm
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New Delhi, December 7 (CommoditiesControl): Despite relatively steady trading in the physical market and a slight dip in futures, mentha oil prices showed resilience driven by robust demand.

Trade sources from Barabanki reported a subdued atmosphere in the spot market today, with prices holding nearly steady.

In Chandausi market, mentha oil prices witnessed a modest increase of Rs 11, reaching Rs 1015-1017 per kg. Meanwhile, Barabanki experienced a Rs 5 surge, with prices settling at Rs 980 per kg.

On the futures front, Mentha oil for December delivery registered a marginal decline of Rs. 2 or 0.21% at Rs 940/kg on the Multi Commodity Exchange (MCX). The contract exhibited an open interest of 1186 and a trading volume of 146.

Looking ahead to January 2024, the Mentha oil contract reported a minor dip of Rs 0.30 or 0.03%, settling at Rs 954.3 per kg. The open interest for this contract stood at 168, with a trading volume of 26.

Mentha Oil contract for DEC delivery settled at Rs 940/quintal showing an rise of Rs 0.8 over previous close of Rs 939.2/quintal,The contract moved in the range of Rs 937-949.8 for the day. Open interest increased by 7 MT to 1186 MT, while trading volume decreased by -85 to 146 MT.
Mentha Oil contract for JAN delivery settled at Rs 954.3/quintal showing an rise of Rs 1.1 over previous close of Rs 953.2/quintal,The contract moved in the range of Rs 951.2-959.7 for the day. Open interest increased by 5 MT to 168 MT, while trading volume decreased by -60 to 26 MT.

Mentha Oil contract for FEB delivery settled at Rs 964.3/quintal showing an rise of Rs 9.5 over previous close of Rs 964.3/quintal,The contract moved in the range of Rs 961.9-969.9 for the day. Open interest was simillar by 0 MT to 9 MT, while trading volume decreased by -11 to 0 MT.

Currently The spread between DEC and JAN contract is -14.3 Rs/quintal.

Currently The spread between JAN and FEB contract is -10 Rs/quintal.

Currently The spread between DEC and FEB contract is -24.3 Rs/quintal.



(By Commoditiescontrol Bureau: +91 9820130172)


       
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