MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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

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China Daily Oil Summary: Less Competition for Venezuelan Crude

OIL

China will likely face less competition for Venezuelan crude as India steps away from purchasing barrels in the wake of renewed sanctions, according to Platts.

  • China’s demand for Iranian crude is unlikely to abate as the US considers new sanctions on Iranian oil exports, according to Platts.
  • China’s state and independent refiners cut run rates in the week to April 18 to 77.82%, the lowest level since February 29, according to OilChem.
  • Refinery runs at Chinese teapots in Shandong province increased to 54.76% of capacity and the highest since February 23.
  • Storage capacity utilisation rates at Shandong’s independent refineries have been largely stable in the week to April 19 at 43.7%, according to OilChem.
  • EXCLUSIVE: China’s Ministry of Commerce large-scale consumer goods trade-in programme alongside related fiscal and credit support will generate over CNY1 trillion of domestic demand by boosting automobile and household goods consumption, consolidating economic recovery, a high-ranking official told MNI.
  • POLICY: China’s hog supply and demand will become more balanced in Q2 under policy guidance from the government, Li Jinghui, representative of the Ministry of Agriculture and Rural Affairs, told reporters.
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