Mcx Commodity News for Menthaoil, Cardamom, Silver, Copper : Evening Session - 10.11.2016

Mcx Commodity Market News : Evening Session 

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Mentha oil futures drop 1.84% on diminishing demand
10/11/2016 16:45
Mentha oil futures were trading lower during the evening trade in the domestic market on Thursday as investors and speculators cut down their bets in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries at the domestic spot market.
Further, offloading of positions by participants in the domestic spot market on downtick in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks positions on higher supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for November 2016 contract is trading at Rs 919 per kg, down by 1.84 per cent after opening at Rs 934.30, against the previous closing price of Rs 936.20. It touched the intra-day low of Rs 909.30 (at 16:44 hours).

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Sluggish demand drags down cardamom futures by 1.52%
10/11/2016 16:40
Cardamom futures were trading lower during the evening trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, also influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1,300 per kg, down by 1.52 per cent, after opening at Rs 1,280.50, against a previous close of Rs 1,320.10. It touched the intra-day low of Rs 1,280.50 (at 16:39 hours).

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Silver futures shine on overseas cues
10/11/2016 15:38
Silver futures were trading higher during the evening trade in the domestic market on Thursday as safe-haven assets become more attractive for investors led by black money crackdown and surge in global cues amid Donald Trump's victory in US presidential election.
The prices for silver rose as traditional safe-haven become more attractive for investors in times of high economic risk. Also, the US dollar weaken against a basket of other leading currencies.
At the MCX, silver futures for December 2016 contract is trading at Rs 44,043 per kg, up by 1.53 per cent, after opening at Rs 43,535, against a previous close of Rs 43,379. It touched the intra-day high of Rs 44,405 (at 15:35 hours).

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Copper futures climb 4.49% on spot demand, global cues
10/11/2016 15:32
Copper futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their positions in the industrial metal amid rising spot demand and a firm trend overseas.
Analysts said apart from surging demand from domestic consuming industries, firmness in the base metals pack at the LME, influenced copper futures.
At the MCX, copper futures for November 2016 contract is trading at Rs 376.95 per kg, up by 4.49 per cent, after opening at Rs 367.20, against a previous close of Rs 360.75. It touched the intra-day high of Rs 379.60 (at 15:24 hours).