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Mentha oil futures up on rising demand
Mentha oil futures were little changed during the morning trade in the domestic market on Thursday as participants build up fresh bets in the agri-commodity amid rise in physical demand from major consuming industries for mentha oil in the domestic spot market.
Further, a surge in demand for mentha oil futures was attributed to widening of positions by traders in the spot market, supported prices of mentha oil at futures trade.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090
At the MCX, mentha oil futures for September 2016 contract were trading at Rs 906.10 per kg, up by 0.09 per cent after opening at Rs 906.70, against the previous closing price of Rs 905.30. It touched the intra-day high of Rs 909.50
Trading Ideas
Menthaoil trading range for the day is 891.8-913.4.
entha oil spot at Sambhal closed at 1037.20 per 1kg. Spot prices is up by Rs.2.40/-.
Mentha oil prices gained amid increase in physical demand from major consuming industries in the domestic spot market.
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