Menthol Makes a Rare Price Jump05 Nov 2009 • by Natalie Aster
Menthol yesterday jumped as some support had been from the spot market where the spot prices where jumped by 8-10rs on some fresh enquiry and export orders, November contract closed Rs 7.8 and settled at Rs 535.2 a kg.
The contract made intraday low of Rs 527.1 a kg and high of Rs 536.7 a kg. Now support for the menthol is seen at 529.3 and below could see a test of 523.4. Resistance is now likely to be seen at 538.9, a move above could see prices testing 542.6.
More reports available on the product: