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Mentha oil December contract gained Rs 6.6 and settled at Rs 1268.5 a kg on improved buying at lower level due to firm demand. On December 2nd, total stock of mentha oil at MCX-monitored warehouses at Chandausi was
9,48,971 kg of which 7,92,011 kg is physical stock and 1,569,60 is the demat stock.

Pepper December delivery gained Rs 106 and settled at Rs 22825/quintal on expectations of a delay in fresh arrivals due to unseasonal rains, lower supply and estimates of lower global production. Export enquiries are expected to pick up on winter demand. Spot pepper gained 310.55 rupees to 22243.5 rupees per 100 kg in Kochi market.

Guar yesterday we have seen that market has moved 4% as export demand has been supporting the prices to remain firm though the supplies have improved in the mandis due to clear sky in the growing areas. Volume remains weak as traders are awaiting dip to take fresh positions.

China's real nickel consumption growth will slow to between 2 to 4 percent next year, from 12 percent this year, as demand from an oversupplied stainless steel sector slows. China, which consumes about a quarter of the world's nickel and is the world's top stainless steel producer, may use 510,000-520,000 tonnes of nickel in 2011, up from 500,000 tonnes in 2010.

Xstrata Plc, the world's biggest thermal coal exporter, said zinc output at its Mount Isa operation in Australia will rise more than 10 percent this year and next as production costs decline. Zinc yesterday we have seen that market has moved 0.4%. Market has opened at 100.3 & made a low of 100.25 versus the day high of 100.6.

Copper ended positive as a weaker dollar and investor sentiment towards growing metal demand outweighed a disappointing U. S. employment report. Warehouse inventories of the metal have been falling, and nearby prices have become more expensive than those for later delivery.

The tightness appears to be mainly due to a single trader holding between 50% and 80% of total LME stocks. Once-a-week data released on Fridays by the Shanghai Futures Exchange showed a weekly decline of 5,815 metric tons to 116,797. Inventories of copper stored in LME warehouses rose 1,200 metric tons Friday, leaving them at 353,625.