Mcx Commodity Market News : Morning Session
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Aluminium futures fall on ease of demand
26/10/2016 10:40
Aluminium futures were trading lower during the morning trade in the domestic market on Wednesday as participants indulged in trimming their positions in the industrial metal amidst fall in physical demand for aluminium in the domestic spot market. Further, a drop in demand for aluminium at the domestic spot market was due to exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.10 per kg, down by 0.18 per cent, after opening at Rs 111.40, against a previous close of Rs 111.30. It touched the intra-day low of Rs 111.05 (at 10:39 hours).
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Zinc futures drop 0.60% on sluggish physical demand
26/10/2016 10:35
Zinc futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators exited their positions in the industrial metal amid sluggish physical demand from consuming industries at the domestic spot markets. Further, participants indulged in trimming their bets in the industrial metal due to slide in demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 156.50 per kg, down by 0.60 per cent, after opening at Rs 156.85, against a previous close of Rs 157.45. It touched the intra-day low of Rs 156.50 (at 10:27 hours).
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Subdued demand drags down nickel futures by 0.28%
26/10/2016 10:31
Nickel futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel fall due to exiting of positions by participants in the industrial metal on account of subdued physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for October 2016 contract is trading at Rs 680.10 per kg, down by 0.28 per cent, after opening at Rs 681.90, against a previous close of Rs 682. It touched the intra-day low of Rs 679.90 (at 10:27 hours).
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Mentha oil futures surge on spot demand
26/10/2016 10:26
Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday as participants extended their positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, building up of fresh positions by traders in the spot market led by an increase in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade. At the MCX, mentha oil futures for October 2016 contract were trading at Rs 895 per kg, up by 0.19 per cent after opening at Rs 894.10, against the previous closing price of Rs 893.30. It touched the intra-day high of Rs 896 (at 10:27 hours).
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Aluminium futures fall on ease of demand
26/10/2016 10:40
Aluminium futures were trading lower during the morning trade in the domestic market on Wednesday as participants indulged in trimming their positions in the industrial metal amidst fall in physical demand for aluminium in the domestic spot market. Further, a drop in demand for aluminium at the domestic spot market was due to exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.10 per kg, down by 0.18 per cent, after opening at Rs 111.40, against a previous close of Rs 111.30. It touched the intra-day low of Rs 111.05 (at 10:39 hours).
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Join Our Whatsapp No : 9841986753
Zinc futures drop 0.60% on sluggish physical demand
26/10/2016 10:35
Zinc futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators exited their positions in the industrial metal amid sluggish physical demand from consuming industries at the domestic spot markets. Further, participants indulged in trimming their bets in the industrial metal due to slide in demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 156.50 per kg, down by 0.60 per cent, after opening at Rs 156.85, against a previous close of Rs 157.45. It touched the intra-day low of Rs 156.50 (at 10:27 hours).
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Join Our Whatsapp No : 9841986753
Subdued demand drags down nickel futures by 0.28%
26/10/2016 10:31
Nickel futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel fall due to exiting of positions by participants in the industrial metal on account of subdued physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for October 2016 contract is trading at Rs 680.10 per kg, down by 0.28 per cent, after opening at Rs 681.90, against a previous close of Rs 682. It touched the intra-day low of Rs 679.90 (at 10:27 hours).
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Join Our Whatsapp No : 9841986753
Mentha oil futures surge on spot demand
26/10/2016 10:26
Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday as participants extended their positions in the agri-commodity amid uptick in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, building up of fresh positions by traders in the spot market led by an increase in demand for mentha oil from consuming industries at the domestic spot market against insufficient stocks position on restricted supplies from producing regions, supported mentha oil prices at futures trade. At the MCX, mentha oil futures for October 2016 contract were trading at Rs 895 per kg, up by 0.19 per cent after opening at Rs 894.10, against the previous closing price of Rs 893.30. It touched the intra-day high of Rs 896 (at 10:27 hours).
