Friday, November 03, 2017

EPIC RESEARCH NCDEX UPDATE OF MENTHA OIL 3 NOVEMBER 2017


  • Menthaoil trading range for the day is 1319.9-1469.9.
  • Mentha oil spot at Sambhal closed at 1567.60 per 1kg. Spot prices was up by Rs.35.50/-.
  • Mentha oil gained due to pick up in demand from consuming industries in the domestic spot market.
  • Furthermore, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also supported mentha oil prices.
  • As winter season is approaching there is expectation of increase in export demand which is supporting prices to trade upside.

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