New Delhi, December 5 (CommoditiesControl): Mentha oil spot prices remained stable in key markets due to limited trading activity. Traders reported a lack of significant movement in both demand and supply, keeping prices steady. Key regions noted balanced market conditions, with no major fluctuations observed in spot prices.
Market participants anticipate that demand may pick up in the coming weeks as the winter season progresses, potentially providing some momentum to trade. The overall sentiment in the mentha oil market remains neutral.
Mentha Oil contract for DEC delivery settled at Rs 930.5/quintal showing an rise of Rs 2.5 over previous close of Rs 928/quintal,The contract moved in the range of Rs 928-934.6 for the day. Open interest increased by 1 MT to 525 MT, while trading volume decreased by -44 to 35 MT.
Mentha Oil contract for JAN delivery settled at Rs 944/quintal showing an was simillar of Rs 0 over previous close of Rs 944/quintal,The contract moved in the range of Rs 943-945.7 for the day. Open interest increased by 4 MT to 133 MT, while trading volume decreased by -8 to 7 MT.
Mentha Oil contract for FEB delivery settled at Rs 1010/quintal showing an was simillar of Rs 0 over previous close of Rs 1010/quintal,The contract moved in the range of Rs 1010-1010 for the day. Open interest was simillar by 0 MT to 0 MT, while trading volume was simillar by 0 to 0 MT.
Currently The spread between DEC and JAN contract is -13.5 Rs/quintal.
Currently The spread between JAN and FEB contract is -66 Rs/quintal.
Currently The spread between DEC and FEB contract is -79.5 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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