Friday, 7 September 2018

EPIC RESEARCH MCX Menthaoil UPDATE OF 07 September 2018

12:47:00

Menthaoil trading range for the day is 1665.3-1756.1.

* Mentha oil spot at Sambhal closed at 1883.40 per 1kg. Spot prices was up by Rs.40.80/-.

* Mentha oil prices ended with gains tracking firmness in spot demand as farmers and stockists have kept their stocks in hopes of an increase in prices.

* On the other hand, the export demand in the current time is average, but there is hope for an increase in export demand due to drop in rupee to lowest level against the dollar.

* Arrivals in Sambhal stood at 400 drums compared to 350 drum a day ago while in Barabanki supplies rose to 500 drums from 450 drums a day earlier.

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