New Delhi, February 26 (Commoditiescontrol): Mentha oil prices remained nearly steady in the physical market, while futures exhibited firm trading at the local bourse on Monday. The physical market saw minimal changes in the buying sentiment, with weak demand reported from both the local industry and overseas markets.
In Chandausi, mentha oil prices were nearly flat at Rs 1000-1002 per kg, while prices in Barabanki stood at Rs 975 per kg.
The benchmark contract for Mentha oil delivery in February traded Rs 4.6 higher at Rs 905.1 per kg on the MCX. The open interest stood at 155, with a trading volume of 27.
For March delivery, the benchmark contract for Mentha oil traded Rs 6 higher at Rs 919.5 per kg at MCX. The open interest for this contract was 634, with a trading volume of 80.
Despite the stable spot prices, the futures market reflects a firmer trend, indicating potential market dynamics in the coming sessions.
Mentha Oil contract for FEB delivery settled at Rs 905.1/quintal showing an rise of Rs 4.6 over previous close of Rs 900.5/quintal,The contract moved in the range of Rs 896.9-930 for the day. Open interest decreased by -44 MT to 155 MT, while trading volume decreased by -170 to 27 MT.
Mentha Oil contract for MAR delivery settled at Rs 919.5/quintal showing an rise of Rs 6 over previous close of Rs 913.5/quintal,The contract moved in the range of Rs 913-919.7 for the day. Open interest increased by 35 MT to 634 MT, while trading volume decreased by -199 to 80 MT.
Mentha Oil contract for MAR delivery settled at Rs 919.5/quintal showing an rise of Rs 6 over previous close of Rs 913.5/quintal,The contract moved in the range of Rs 913-919.7 for the day. Open interest increased by 35 MT to 634 MT, while trading volume decreased by -199 to 80 MT.
Currently The spread between FEB and MAR contract is -14.4 Rs/quintal.
Currently The spread between MAR and MAR contract is 0 Rs/quintal.
Currently The spread between FEB and MAR contract is -14.4 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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