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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
LNG buyers in China have reduced booked capacity at PipeChina’s LNG import terminals since last month suggesting spot LNG demand remains muted and reduces the optimism of a demand recovery according to Bloomberg.
- Net cancellations were 0.54m tons with a total of 0.62m metric tons of cancelled bookings and only 0.08m tons of new reservations.
- Muted demand in Asia is a key driver behind the bearish trend in global gas markets and a slower recovery in spot LNG demand in China would reduce the upside risk for European and Asian gas prices.
- Mainland China’s imports are set to rise only marginally in May with a slow recovery in industrial activity. Japanese and South Korean imports are likely to decline with high storage and a rise in nuclear generation although a heat wave in India and Thailand could boost imports.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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