Castor seed futures up on spot sentiments

Castor seed prices edged Rs 21 higher to Rs 4,348 per quintal as traders raised holdings on the back of firm trend in the spot market.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange, castor seed for delivery in March contract gained Rs 21, or 0.49 per cent, to Rs 4,348 per quintal with an open interest of 49,840 lots.

Similarly, castor seed for delivery in the current month went up by Rs 20, or 0.47 per cent, to Rs 4,271 per quintal, with an open interest of 39,740 lots.

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Castor seed futures fall on subdued spot cues

Castor seed prices receded by Rs 42 to Rs 4,360 per quintal in futures trade today as participants liquidated bets in tune with a weak trend at the physical markets.Castor-Oil-Seeds-Traders

At the National Commodity and Derivative Exchange, castor seed to be delivered in March contract slipped by Rs 42 or 0.95 per cent to Rs 4,360 per quintal, with an open interest of 43,980 lots.

The delivery for the February month contracts also slipped by Rs 38 or 0.88 per cent to Rs 4,284 per quintal, clocking an open interest of 48,470 lots.

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Castor seed futures gain on physical cues

Castor seed prices improved by Rs 33 to Rs 4,123 per quintal in futures trading on accumulation of position by the operators in line with strong physical demand.Castor-Oil-Seeds2

At the National Commodity and Derivatives Exchange, castor seed delivery for February hardened by Rs 33 or 0.81 percent to Rs 4,123 per quintal, with an open interest of 17,650 lots.

The delivery for the most traded March month also increased by Rs 13 or 0.31 per cent to Rs 4,190 per quintal, clocking an open interest of 60,520 lots.

Sebacic Oman plans to build $250m bio-based nylon project in Duqm

Sebacic Oman SAOC plans to build a bio-based nylon project as forward integration of its soon-to-be-commissioned sebacic acid project in the Duqm free zone.biobased nylon

The 10,000 tonne per annum-capacity project, which is expected to produce two grades of bio-nylon (nylon 6-10 and nylon 10-10), will have an estimated capital expenditure of $250 million.

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Castor seed futures decline 1.45 pc

Castor seed prices fell Rs 61 to Rs 4,145 per quintal in futures trade as participants cut bets tracking weak physical market sentiments.castor-seeds_10421148_250x250

At the National Commodity and Derivative Exchange, Castor seed delivery for the immediate contract February slipped by Rs 61, or 1.45 per cent, to Rs 4,145 per quintal, with an open interest of 28,050 lots.The delivery for the most-traded second contract March month also dipped by Rs 58, or 1.35 per cent, to Rs 4,228 per quintal with an open interest of 53,280 lots.

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