New Delhi, July 2 (Commoditiescontrol) – Mentha oil prices extended their gains in the physical markets for the second consecutive session this week, driven by strong demand and firmer futures. According to trade sources, increased demand from overseas markets has bolstered positive sentiment.
In Chandausi, mentha oil prices were quoted Rs 12 higher, reaching Rs 968-970 per kg. Similarly, in Barabanki, prices rose by Rs 11 to Rs 922 per kg.
On the Multi Commodity Exchange (MCX), the mentha oil future contract for delivery in July was Rs 20.6 higher, trading at Rs 939.6 per kg with an open interest of 522 and a volume of 328. The future contract for delivery in August also saw a rise, trading Rs 22 higher at Rs 950 per kg with an open interest of 80 and a volume of 32.
Mentha Oil contract for JUN delivery settled at Rs 939/quintal showing an rise of Rs 20.6 over previous close of Rs 918.4/quintal,The contract moved in the range of Rs 920-942 for the day. Open interest increased by 17 MT to 522 MT, while trading volume increased by 227 to 328 MT.
Mentha Oil contract for JUL delivery settled at Rs 950/quintal showing an rise of Rs 22 over previous close of Rs 928/quintal,The contract moved in the range of Rs 934.9-950 for the day. Open interest increased by 10 MT to 80 MT, while trading volume increased by 29 to 32 MT.
Mentha Oil contract for AUG delivery settled at Rs 959.9/quintal showing an rise of Rs 9.9 over previous close of Rs 950/quintal,The contract moved in the range of Rs 959.9-978.4 for the day. Open interest increased by 2 MT to 2 MT, while trading volume increased by 2 to 2 MT.
Currently The spread between JUN and JUL contract is -11 Rs/quintal.
Currently The spread between JUL and AUG contract is -9.89999999999998 Rs/quintal
Currently The spread between JUN and AUG contract is -20.9 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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