MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

MNI: US MBA: MARKET COMPOSITE -0.2% SA THRU JUL 05 WK

US MBA: REFIS -2% SA; PURCH INDEX +1% SA THRU JULY 5 WK

Indeed Wages Tick Higher, But Future Revisions Are Likely

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

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

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CPC Pipeline Moving Shipping Schedules to Inspect Mooring Damage

OIL

The Caspian Pipeline Consortium (CPC) expects to move the schedule for oil shipments to inspect mooring damage by August 26, according to Interfax reports.

  • "SPM 3 is currently operating intensively, with a fairly tight schedule for shipping oil, and we need to find a window to conduct diving surveys for the inspection. There are currently only breaks in shipments at night, when diving operations are not possible. We are negotiating with shippers on moving tanker positions and creating a daytime window for diving. We hope that the inspection will be conducted by August 26, inclusive," a CPC representative of said.
  • SPM 3 can deal with 3.5 million tonnes of oil a month, over half the CPC’s highest recorded monthly shipment of 6.4 million tonnes – March 2022.
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