Mcx Commodity Market News : Morning Session
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Muted spot demand drags down nickel futures by 0.66%
27/10/2016 10:44
Nickel futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators trimmed their positions 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 676.70 per kg, down by 0.66 per cent, after opening at Rs 681, against a previous close of Rs 681.20. It touched the intra-day low of Rs 676.10 (at 10:42 hours).
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Mentha oil futures surge on pick up in demand
27/10/2016 10:38
Mentha oil futures were trading higher during the morning trade in the domestic market on Thursday as participants build up fresh positions in the agri-commodity amid pick up 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 904.50 per kg, up by 0.23 per cent after opening at Rs 904.90, against the previous closing price of Rs 902.40. It touched the intra-day high of Rs 905 (at 10:38 hours).
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Uptick in demand lifts cardamom futures by 1.24%
27/10/2016 10:33
Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1239 per kg, up by 1.24 per cent, after opening at Rs 1248, against a previous close of Rs 1223.80. It touched the intra-day high of Rs 1249 (at 10:32 hours).
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Muted spot demand drags down nickel futures by 0.66%
27/10/2016 10:44
Nickel futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators trimmed their positions 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 676.70 per kg, down by 0.66 per cent, after opening at Rs 681, against a previous close of Rs 681.20. It touched the intra-day low of Rs 676.10 (at 10:42 hours).
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Join Our Whatsapp No : 9841986753
Mentha oil futures surge on pick up in demand
27/10/2016 10:38
Mentha oil futures were trading higher during the morning trade in the domestic market on Thursday as participants build up fresh positions in the agri-commodity amid pick up 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 904.50 per kg, up by 0.23 per cent after opening at Rs 904.90, against the previous closing price of Rs 902.40. It touched the intra-day high of Rs 905 (at 10:38 hours).
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Uptick in demand lifts cardamom futures by 1.24%
27/10/2016 10:33
Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1239 per kg, up by 1.24 per cent, after opening at Rs 1248, against a previous close of Rs 1223.80. It touched the intra-day high of Rs 1249 (at 10:32 hours).
