Mcx Commodity Market News : Morning Session
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Mentha oil trading tad lower
03/11/2016 15:27
Mentha oil futures were trading flat during noon trade in the domestic market on Thursday as investors and speculators were cautious over booking fresh positions in the agri-commodity amid soft physical demand for mentha oil in the spot market.
Abundant supplies amid higher physical arrivals from the major mentha oil producing regions also kept pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for November 2016 contract were trading at Rs 943.8 per kg, down by 0.07 per cent after opening at Rs 944.90, against the previous closing price of Rs 944.50. It touched the intra-day low of Rs 938 (at 15:24 PM).
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Cardamom sinks over 2 on weak physical demand
03/11/2016 15:26
Cardamom futures tumbled by more than 2 per cent during noon trade in the domestic market on Thursday as investors and speculators exit positions in the agri-commodity amid soft physical demand for cardamom in the spot market.
Abundant supplies amid higher physical arrivals from the major cardamom producing regions also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1278 per kg, down by 2.17 per cent, after opening at Rs 1309.90, against a previous close of Rs 1306.30. It touched the intra-day low of Rs 1278 (at 15:20 PM).
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Oil rebounds after massive drop
03/11/2016 14:56
Crude oil futures rose during noon trade in the domestic market on Thursday after sinking almost 3 per cent in the previous session when a record stockpile built in the US threatened to exacerbate concerns of a global supply glut.
The EIA said that US crude oil inventories rose by 14.4 million barrels last week as imports surged the most in almost two decades, crude output climbed for a third straight week and refineries cut output.
Uncertainty over the implementation of an OPEC output deal and jitters ahead of the US Presidential elections kept trading sentiment volatile.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3045 per barrel, up by 0.66 per cent, after opening at Rs 3039, against a previous close of Rs 3025. It touched the intra-day high of Rs 3063 (at 14:50 hours).
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Copper futures in reverse gear
03/11/2016 13:13
Copper futures were little changed during the afternoon trade in the domestic market on Thursday as participants trimmed their positions in the industrial metal amid fall in physical demand for copper in the domestic spot market.
Further, the prices for copper declined in the domestic markets due to a drop in demand for metal at the futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 328.15 per kg, down by 0.06 per cent, after opening at Rs 328.20, against a previous close of Rs 328.35. It touched the intra-day low of Rs 327.85 (at 13:13 hours).
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Mentha oil trading tad lower
03/11/2016 15:27
Mentha oil futures were trading flat during noon trade in the domestic market on Thursday as investors and speculators were cautious over booking fresh positions in the agri-commodity amid soft physical demand for mentha oil in the spot market.
Abundant supplies amid higher physical arrivals from the major mentha oil producing regions also kept pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for November 2016 contract were trading at Rs 943.8 per kg, down by 0.07 per cent after opening at Rs 944.90, against the previous closing price of Rs 944.50. It touched the intra-day low of Rs 938 (at 15:24 PM).
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Join Our Whatsapp No : 9841986753
Cardamom sinks over 2 on weak physical demand
03/11/2016 15:26
Cardamom futures tumbled by more than 2 per cent during noon trade in the domestic market on Thursday as investors and speculators exit positions in the agri-commodity amid soft physical demand for cardamom in the spot market.
Abundant supplies amid higher physical arrivals from the major cardamom producing regions also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1278 per kg, down by 2.17 per cent, after opening at Rs 1309.90, against a previous close of Rs 1306.30. It touched the intra-day low of Rs 1278 (at 15:20 PM).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Oil rebounds after massive drop
03/11/2016 14:56
Crude oil futures rose during noon trade in the domestic market on Thursday after sinking almost 3 per cent in the previous session when a record stockpile built in the US threatened to exacerbate concerns of a global supply glut.
The EIA said that US crude oil inventories rose by 14.4 million barrels last week as imports surged the most in almost two decades, crude output climbed for a third straight week and refineries cut output.
Uncertainty over the implementation of an OPEC output deal and jitters ahead of the US Presidential elections kept trading sentiment volatile.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3045 per barrel, up by 0.66 per cent, after opening at Rs 3039, against a previous close of Rs 3025. It touched the intra-day high of Rs 3063 (at 14:50 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Copper futures in reverse gear
03/11/2016 13:13
Copper futures were little changed during the afternoon trade in the domestic market on Thursday as participants trimmed their positions in the industrial metal amid fall in physical demand for copper in the domestic spot market.
Further, the prices for copper declined in the domestic markets due to a drop in demand for metal at the futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 328.15 per kg, down by 0.06 per cent, after opening at Rs 328.20, against a previous close of Rs 328.35. It touched the intra-day low of Rs 327.85 (at 13:13 hours).
