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Mentha Oil Prices Firm on Increased Demand

12 Sep 2024 5:39 pm
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New Delhi, September 12 (Commoditiescontrol): Mentha oil prices were firm in the physical markets and the futures as well on Thursday. The physical market witnessed improved demand at lower level which also bolstered positive sentiment in the futures.

Mentha oil prices were Rs 7 higher at Rs 1012-1014 per kg in the market of Chandausi. Mentha oil prices were quoted Rs 3 up at Rs 968 per kg in the market of Barabanki.

Mentha oil future contract for delivery in Sep was Rs 7.4 up at Rs 956.40 per kg at Multi Commodity Exchange (MCX) with open interest of 602 and volume of 91.

Mentha oil future contract for delivery in October was Rs 7.20 up at Rs 972 per kg at Multi Commodity Exchange (MCX) with open interest of 285 and volume of 14.

Mentha Oil contract for SEP delivery settled at Rs 956.4/quintal showing an rise of Rs 7.4 over previous close of Rs 949/quintal,The contract moved in the range of Rs 948.1-964.5 for the day. Open interest increased by 4 MT to 602 MT, while trading volume increased by 12 to 91 MT.

Mentha Oil contract for OCT delivery settled at Rs 972/quintal showing an rise of Rs 7.2 over previous close of Rs 964.8/quintal,The contract moved in the range of Rs 965.6-972 for the day. Open interest increased by 5 MT to 285 MT, while trading volume decreased by -15 to 14 MT.

Mentha Oil contract for NOV delivery settled at Rs 980/quintal showing an rise of Rs 6 over previous close of Rs 974/quintal,The contract moved in the range of Rs 980-980 for the day. Open interest was simillar by 0 MT to 37 MT, while trading volume was simillar by 0 to 1 MT.

Currently The spread between SEP and OCT contract is -15.6 Rs/quintal.

Currently The spread between OCT and NOV contract is -8 Rs/quintal

Currently The spread between SEP and NOV contract is -23.6 Rs/quintal.



(By Commoditiescontrol Bureau: +91 9820130172)


       
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