Monday, 9 January 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 9 JANUARY 2017

Menthaoil trading range for the day is 1024.6-1073.4. Mentha oil spot at Sambhal closed at 1133.50 per 1kg. Spot prices is up by Rs.7.00/-. Mentha oil gained on the back of pick-up in demand at the spot market. Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also supported. At Sambhal market estimated market supply was at 60 Drums(1-drum=180kg), down by 40 Drums(1-drum=180kg) from previous trading day.

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