MCX Cardamon,Methaoil,Nickel,Zinc Updates : 27.209.2016
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Cardamom futures drop 1.13% on sluggish demand
27/09/2016 10:24
Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for October 2016 contract is trading at Rs 1,134.40 per kg, down by 1.13 per cent, after opening at Rs 1,152.40, against a previous close of Rs 1,147.40. It touched the intra-day low of Rs 1,134.40 (at 10:24 hours).
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Muted demand drags down mentha oil futures by 0.22%
27/09/2016 10:30
Mentha oil futures were trading lower during the morning trade in the domestic market on Tuesday as participants remained on the sidelines in the agri-commodity amid a fall in 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 a slide in demand for mentha oil from consuming industries at the spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices to trade lower at futures trade. At the MCX, mentha oil futures for September 2016 contract were trading at Rs 869 per kg, down by 0.22 per cent after opening at Rs 869, against the previous closing price of Rs 870.90. It touched the intra-day low of Rs 866.70 (at 10:28 hours).
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Nickel futures in reverse gear on demand concerns
27/09/2016 10:44
Nickel futures were trading lower during the morning trade in the domestic market on Tuesday over demand concerns, with investors awaiting an announcement from the Philippines on closure of mines. A dozen more Philippine mines, mostly nickel projects, are in danger of being suspended in an ongoing environmental crackdown on the sector. Authorities are due to announce more results of the environmental audit on Tuesday, as per the Reuters report. At the MCX, nickel futures for September 2016 contract is trading at Rs 686.80 per kg, down by 1.15 per cent, after opening at Rs 694, against a previous close of Rs 694.80. It touched the intra-day low of Rs 685.20 (at 10:34 hours).
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Zinc futures slide on diminishing demand
27/09/2016 10:54
Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid a fall in demand from consuming industries at the domestic spot markets. Further, participants cut down their positions in the industrial metal due to a decline in demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 151.30 per kg, down by 0.53 per cent, after opening at Rs 151.60, against a previous close of Rs 152.10. It touched the intra-day low of Rs 151.25 (at 10:50 hours).
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