Mcx Commodity Market News : Morning Session
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Spot demand lifts nickel futures by 1.02%
01/11/2016 10:48
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal amid rising physical demand for nickel from major consuming industries at the domestic spot market. The prices of nickel surged led by widening of positions by participants in the industrial metal on account of increase in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 703.40 per kg, up by 1.02 per cent, after opening at Rs 700.20, against a previous close of Rs 696.30. It touched the intra-day high of Rs 703.50 (at 10:47 hours).
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Mentha oil futures little changed on subdued demand
01/11/2016 10:42
Mentha oil futures were little changed during the morning trade in the domestic market on Tuesday as participants remained on the sidelines in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market due to slide in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade. At the MCX, mentha oil futures for November 2016 contract were trading at Rs 916 per kg, down by 0.04 per cent after opening at Rs 916.50, against the previous closing price of Rs 916.40. It touched the intra-day low of Rs 915.60 (at 10:41 hours).
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Cardamom futures slide 1.04% on diminishing demand
01/11/2016 10:38
Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid decrease in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1277.1 per kg, down by 1.04 per cent, after opening at Rs 1287, against a previous close of Rs 1290.50. It touched the intra-day low of Rs 1277.10 (at 10:37 hours).
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Keep Refresh for Fresh Tips
Spot demand lifts nickel futures by 1.02%
01/11/2016 10:48
Nickel futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal amid rising physical demand for nickel from major consuming industries at the domestic spot market. The prices of nickel surged led by widening of positions by participants in the industrial metal on account of increase in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 703.40 per kg, up by 1.02 per cent, after opening at Rs 700.20, against a previous close of Rs 696.30. It touched the intra-day high of Rs 703.50 (at 10:47 hours).
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Join Our Whatsapp No : 9841986753
Mentha oil futures little changed on subdued demand
01/11/2016 10:42
Mentha oil futures were little changed during the morning trade in the domestic market on Tuesday as participants remained on the sidelines in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market due to slide in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade. At the MCX, mentha oil futures for November 2016 contract were trading at Rs 916 per kg, down by 0.04 per cent after opening at Rs 916.50, against the previous closing price of Rs 916.40. It touched the intra-day low of Rs 915.60 (at 10:41 hours).
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Join Our Whatsapp No : 9841986753
Cardamom futures slide 1.04% on diminishing demand
01/11/2016 10:38
Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid decrease in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1277.1 per kg, down by 1.04 per cent, after opening at Rs 1287, against a previous close of Rs 1290.50. It touched the intra-day low of Rs 1277.10 (at 10:37 hours).
