New Delhi, June 28 (Commoditiescontrol): Mentha oil prices remained almost flat in the physical markets on Friday due to weak demand, while futures traded slightly higher at the local bourse. Market analysts note that while mentha oil has seen demand from the Chinese market, domestic industrial buying remains lackluster.
In Chandausi, mentha oil prices were quoted at Rs 944-946 per kg, and in Barabanki, prices remained flat at Rs 900 per kg.
The mentha oil future contract for delivery in July rose by Rs 3.3 to Rs 916.9 per kg at the Multi Commodity Exchange (MCX), with an open interest of 503 and a volume of 153. The June delivery contract remained unchanged at Rs 904.9 per kg at MCX, with an open interest of 23 and a volume of 1.
Overall, the mentha oil market is experiencing stable spot prices and a slight increase in futures, reflecting cautious market sentiments and specific international demand.
Mentha Oil contract for JUN delivery settled at Rs 904.9/quintal showing an was simillar of Rs 0 over previous close of Rs 904.9/quintal,The contract moved in the range of Rs 904.9-904.9 for the day. Open interest was simillar by 0 MT to 23 MT, while trading volume increased by 1 to 1 MT.
Mentha Oil contract for JUL delivery settled at Rs 916.9/quintal showing an rise of Rs 3.3 over previous close of Rs 913.6/quintal,The contract moved in the range of Rs 908.4-918.5 for the day. Open interest decreased by -5 MT to 503 MT, while trading volume increased by 81 to 153 MT.
Mentha Oil contract for AUG delivery settled at Rs 927/quintal showing an fall of Rs -0.8 over previous close of Rs 927.8/quintal,The contract moved in the range of Rs 927-927 for the day. Open interest increased by 1 MT to 70 MT, while trading volume decreased by -4 to 1 MT
Currently The spread between JUN and JUL contract is -12 Rs/quintal.
Currently The spread between JUL and AUG contract is -10.1 Rs/quintal.
Currently The spread between JUN and AUG contract is -22.1 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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