Friday, 16 December 2011

NCDEX Mentha Oil Trends

  1. Low trading activities, amidst moderate arrivals and a fall in export demand kept pressure on the rates for Mentha Oil.
  2. Withdrawal of additional margins on Buy/Sell side of 5% and removal of special margin on buy side of 10% supported the market sentiments for Mentha Oil.
  3. Markets could find support at these levels from an expected rise in export and domestic demand in the coming weeks.
  4. Medium term Fundamentals remained moderately firm for the commodity as good pharmaceutical Industry winter season demand and further rise in export demand are expected but short term trend likely to remain volatile.
  5. Reports of a fall in production had been keeping the sentiments firm. Lower arrivals and rising export demand and domestic demand from the Pharmaceutical Industries have been there. Exports to China reportedly on the rise.

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