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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.
OIL PRODUCTS
Chinese traffic congestion levels are choppy in May. The measure can be used as a proxy for road fuel demand as the economy reopens to see whether congestion trends at typical pre-restriction levels. It is now back below 2022 levels.
- Congestion levels fell 28.8% in the week ending May 17 compared with the previous week.
- The dip early in the month was likely because of the Labour Day holiday pulling less traffic into cities. It subsequently rebounded before falling off again.
- The IEA was bullish on the Chinese rebound in its monthly report out this week saying that its recovery was at a faster than expected pace.
- Chinese flying activity has also come off since early May after the Labour Day holiday peak.
source: BloombergNEF
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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