Mcx Commodity Market News : Morning Session - 15.9.2016

Mcx Commodity Market News : Morning Session - 15.9.2016


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Aluminium futures gain on upsurge in demand
15/09/2016 11:50
ALUMINIUM: UPTREND
Aluminium futures were trading higher during the late morning trade in the domestic market on Thursday as participants widened their positions on uptick in physical demand for aluminium in the domestic spot market.
Further, an increase in demand for aluminium at the domestic spot market was attributed to building up of fresh bets by participants in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 105.70 per kg, up by 0.38 per cent, after opening at Rs 105.45, against a previous close of Rs 105.30. It touched the intra-day high of Rs 105.80 (at 11:47 hours).

Zinc futures little changed on muted demand
15/09/2016 11:02
ZINC: UPTREND
Zinc futures were little changed during the morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines amid muted demand from consuming industries at the domestic spot markets. Further, a decline in demand for zinc at the domestic spot market was due to cut down of bets by traders in the spot market, influenced zinc prices at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 151.70 per kg, down by 0.07 per cent, after opening at Rs 152.10, against a previous close of Rs 151.80. It touched the intra-day low of Rs 151.55 (at 11:00 hours).

Uptick in demand lifts nickel futures by 0.58%
15/09/2016 10:56
NICKEL: UPTREND
Nickel futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions amid increase in demand from alloy-makers at the domestic spot market. Further, a surge in domestic demand from alloy-makers at the domestic spot market, supported the uptrend in nickel prices at futures trade. At the MCX, nickel futures for September 2016 contract is trading at Rs 662.80 per kg, up by 0.58 per cent, after opening at Rs 662, against a previous close of Rs 659. It touched the intra-day high of Rs 663.70 (at 10:54 hours).


Mentha oil futures up 0.28% on pickup in demand
15/09/2016 10:28
MENTHAOIL: UPTREND
Mentha oil futures were trading higher during the morning trade in the domestic market on Thursday as participants widened their bets in the agri-commodity amid surge in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, a rise in demand for mentha oil futures was attributed to enlarging of positions by traders in the spot market, supported prices of mentha oil at futures trade. At the MCX, mentha oil futures for September 2016 contract is trading at Rs 911 per kg, up by 0.28 per cent after opening at Rs 908.20, against the previous closing price of Rs 908.50. It touched the intra-day high of Rs 912.20 (at 10:28 hours).


Cardamom futures little changed on rising demand
15/09/2016 10:25
CARDAMOM: UPTREND
Cardamom futures were little changed during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid surge in physical demand for cardamom in the domestic spot market. Further, insufficient stocks position amid restricted supplies from producing regions, supported the uptrend in domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,200 per kg, up by 0.08 per cent, after opening at Rs 1,210, against a previous close of Rs 1,199. It touched the intra-day high of Rs 1,210 (at 10:24 hours).