Menthol yesterday broken the 600 level in the December contract and jumped by Rs 15.8 and settled at Rs 608.1 a kg. Export demand is expected to built in the coming winter session from the south east countries especially from china had boosted the sentimental of the market and also some support had been seen from the short covering in the near month.

Today also the menthol spot is up by Rs. 27 trading at 650 level. The contract made intraday low of Rs 594.3 a kg and high of Rs 610.1 a kg. Now support for the menthol is seen at 598.20 and below could see a test of 588.30. Resistance is now likely to be seen at 614.00, a move above could see prices testing 619.90.

Trading Ideas:

MENTHOL TRADING RANGE IS 595-625.

MENTHOL SPOT IS AT 650/-.SPOT IS UP RS 27/-.

BUY MENTHOL DEC ABV 610 SL 606.50 TGT 613.50-617.20-620-624.50. MCX

SUPPORT FOR THE MENTHA OIL IS AT 607.20 BELOW THIS NEXT SUP IS AT 604.40-600.80.

NOW RES IS AT 613.50 ABV THIS NEXT RES IS AT 617.80-620.50.

MENTHOL PRICES ENDED UP ON FRESH SPOT DEMAND