New Delhi, 5 August (CommoditiesControl): Mentha oil prices were nearly flat in both physical markets and futures trading on Monday, primarily due to slow demand at higher price levels.
In the physical markets, mentha oil prices remained almost steady at Rs 1030-1032 per kg in Chandausi. Meanwhile, in Barabanki, mentha oil prices saw a slight increase of Rs 2, reaching Rs 982 per kg.
On the futures front, the mentha oil future contract for August delivery rose by Rs 0.60, or 0.06%, to Rs 1002 per kg at the Multi Commodity Exchange (MCX), with an open interest of 797 and a trading volume of 426. However, the future contract for September delivery fell by Rs 2.40 to Rs 1019.70 per kg at the MCX, with an open interest of 187 and a volume of 28.
The market sentiment remains cautious as demand at higher levels is thin, contributing to the overall flat movement in mentha oil prices.
Mentha Oil contract for JUL delivery settled at Rs 1002/quintal showing an fall of Rs -5.9 over previous close of Rs 1007.9/quintal,The contract moved in the range of Rs 999-1021.8 for the day. Open interest increased by 797 MT to 797 MT, while trading volume increased by 426 to 426 MT.
Mentha Oil contract for AUG delivery settled at Rs 1019.7/quintal showing an fall of Rs -2.8 over previous close of Rs 1022.5/quintal,The contract moved in the range of Rs 1019-1032.4 for the day. Open interest decreased by -615 MT to 187 MT, while trading volume decreased by -525 to 28 MT.
Mentha Oil contract for SEP delivery settled at Rs 1026.6/quintal showing an rise of Rs 28.3 over previous close of Rs 1026.6/quintal,The contract moved in the range of Rs 1017.5-1035 for the day. Open interest decreased by -167 MT to 7 MT, while trading volume decreased by -51 to 0 MT.
Currently The spread between JUL and AUG contract is -17.7 Rs/quintal.
Currently The spread between AUG and SEP contract is -6.89999999999986 Rs/quintal.
Currently The spread between JUL and SEP contract is -24.5999999999999 Rs/quintal
(By Commoditiescontrol Bureau: +91 9820130172)
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