MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Aramco Notifies North Asian Buyers of Full Contractual Crude Volumes

OIL

Saudi Aramco has notified at least four North Asian buyers that it will supply full contractual crude volumes to them in December according to Reuters sources.

  • Chinese buyers have slightly reduced nominated volumes from Saudi for December to around 46mn bbls – down from 47 million barrels for November and 50 million for October according to the sources.
  • Aramco has kept the December OSP for Arab Light to Asian customers unchanged m/m after a 5-month hiking cycle.
  • China is reducing its intake as domestic refinery runs slip due to oil product export quotas that are 90% used according to Kpler earlier this week. No new batch is expected for the remainder of this year.
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