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Mentha oil futures up on rising demand

Mentha oil futures were trading higher during the afternoon trade in the domestic market on Tuesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX mentha oil futures for August 2018 contract was tradi




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Lead prospects down on facilitating request

Lead prospects were exchanging lower amid the night exchange the residential market on Friday as examiners chop down their positions, taking negative prompts from household spot showcase on low request.

Experts said offloading of positions by merchants owing loosened request from battery-creators in the physical market weighed on lead costs in fates exchange.

At the MCX, lead fates for August 2018 contract is exchanging at Rs 145.70 for every kg, around 0.44 for every pen




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Canada Overcomes Trump's Metal Tariffs With Record Exports

Canadas stock exchange deficiency limited more than gauge as oil makers and air ship producers drove fares to a record high.

Indeed, even after the U.S. forced levies on steel and aluminum, Canadas exchange hole limited to C$626 million ($481 million) in June, down from C$2.7 billion multi month sooner, Statistics Canada said Friday in Ottawa. Business analysts studied by Bloomberg anticipated a deficiency of C$2.3 billion.

Fares rose 4.1 percent to C$50.7 billion, with v




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BP Finally Unloads Crude Cargo For Chinese Teapot After Months In Port

A 2-million-barrel unrefined petroleum payload for a free Chinese refiner in Shandong has at long last been completely emptied following two months spent at the port of Qingdao, Reuters reports, including that while a portion of the oil was emptied back in May when the Mercury Hope supertanker landed at Qingdao, the rest of in the tanker on account of a stoppage popular from the tea kettle refiners in the area.

The Mercury Hope was just a single of four BP supertankers that needed to




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Chile is canary in copper mine as cost of metal falls

Concerns are developing in Chile that it could be the principal nation in asset rich South America to feel the effect of the stoppage in China and the USs raising exchange war with Beijing, with a fall in copper costs as of now putting weight on the financial plan of President Sebastin Piera.

As the worlds driving copper maker, and one of South Americas most open economies, Chile is especially helpless against a drop in copper costs, which a week ago contacted its least level of the




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Saudi Arabia Halts Oil Shipments At Key Chokepoint

Saudi Arabia ended unrefined petroleum and oil item shipments through the Bab el Mandeb chokepoint in the Red Sea after a Houthi assault on two Saudi tankers close to the port of Hodeidah yesterday.

Reuters cited Saudi Oil Minister Khalid al-Falih as saying Saudi Arabia is incidentally stopping all oil shipments through Bab al-Mandeb Strait instantly until the point when the circumstance moves toward becoming clearer and the sea travel through Bab al-Mandeb is sheltered.