MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Cold and Supply Risks Offset Early Winter Warm

NATURAL GAS

TTF holding within the recent 110€/MWh and 120€/MWh range as a potential delay to the return of the US Freeport LNG terminal and upside risk of colder weather and higher demand are offset against the current warm weather, high LNG imports and almost full gas storage.

    • TTF DEC 22 down -0.1% at 113€/MWh
  • Weather forecasts for NW Europe are still showing as warm for the next week before trailing off towards normal in the second week of the forecast period. The warm start to the winter has reduced early winter demand and saved storage to ease supply risks for later in the season. Current European storage levels are holding steady at 95.36% as at Nov 8.
  • LNG imports into Europe were around 425mcm/d at the start of the week. Norwegian supplies are still nominated down slightly at 315.8mcm/d after recent capacity reductions from the Oseberg field. Gas supplies flowing through Ukraine are again stable at 42.4mcm/d.
Energy BulletsCommodities
Energy BulletsCommodities

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