MNI China Daily Summary: Thursday, March 13

MNI BRIEF: China Has Been In Communication With U.S. On Trade

MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

MNI: US JOBLESS CLAIMS -2K TO 220K IN MAR 08 WK

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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OIL PRODUCTS: China’s Gasoline Output Likely to Fall in Feb: OilChem

OIL PRODUCTS
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China’s gasoline production is likely to post a palpable drop in March year on year, while demand is seen holding flat, OilChem said.

  • China’s March gasoline consumption is seen at 423k mt/d, down 5% year on year, OilChem added.
  • Looking at refined products in Feb, exports totalled 1.82m mt, down 0.64m mt, or 26.02% on the month.
  • Gasoline exports were 0.42m mt, 0.72m mt of gasoil, and 0.68m mt of jet fuel.
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China’s gasoline production is likely to post a palpable drop in March year on year, while demand is seen holding flat, OilChem said.

  • China’s March gasoline consumption is seen at 423k mt/d, down 5% year on year, OilChem added.
  • Looking at refined products in Feb, exports totalled 1.82m mt, down 0.64m mt, or 26.02% on the month.
  • Gasoline exports were 0.42m mt, 0.72m mt of gasoil, and 0.68m mt of jet fuel.