Friday 20 January 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 20 JANUARY 2017

Menthaoil trading range for the day is 1019-1033.6. Mentha oil spot at Sambhal closed at 1129.90 per 1kg. Spot prices is up by Rs.5.40/-. Mentha oil gained amid uptick in physical demand for mentha oil in the domestic spot market. Further, tight stocks position on restricted supplies from major producing belts of Chandausi in Uttar Pradesh, too supported mentha oil prices. At Sambhal market, estimated market supply was at 60 Drums(1-drum=180kg), higher by 10 Drums(1-drum=180kg) from previous day’s arrivals.

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