MNI China Daily Summary: Wednesday, July 3

MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

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CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI: US MBA: MARKET COMPOSITE -2.6% SA THRU JUN 28 WK

US MBA: REFIS -2% SA; PURCH INDEX -3% SA THRU JUNE 28 WK

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RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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California Diesel Inventories Hit All-Time Low

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Combined California diesel stocks fell to the lowest level on record for the week ending May 24, according to Argus.

  • Combined diesel inventories, including renewable diesel, totalled 2.3m bbl.
  • CARB diesel stocks totalled 1.37m bbl, down 13% on the week. Other diesel fuel inventories were down nearly 17%.
  • California jet fuel production rose nearly 18% to 321k b/d, the highest level since April 19.
  • Jet fuel inventories were also up 0.6% to 3.24m bbl.
  • Crude throughput in California was up 9.4% to 1.44m b/d as stocks shrunk by 19% to 11.1m bbl.
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Combined California diesel stocks fell to the lowest level on record for the week ending May 24, according to Argus.

  • Combined diesel inventories, including renewable diesel, totalled 2.3m bbl.
  • CARB diesel stocks totalled 1.37m bbl, down 13% on the week. Other diesel fuel inventories were down nearly 17%.
  • California jet fuel production rose nearly 18% to 321k b/d, the highest level since April 19.
  • Jet fuel inventories were also up 0.6% to 3.24m bbl.
  • Crude throughput in California was up 9.4% to 1.44m b/d as stocks shrunk by 19% to 11.1m bbl.