MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Exports of Oil Products Plunge to Lowest Levels in Over Three Years

RUSSIA
  • Russian oil-product exports plunged to the lowest in more than three years, with outflows still limited after Moscow’s initial ban on diesel shipments and the slow ramp-up of refining activity during seasonal maintenance, Bloomberg report. Shipment of refined fuels from Russia shrank to just 2.1m barrels a day in the first three weeks of October, according to data compiled by Bloomberg from analytics firm Vortexa Ltd, ~8% below the levels in September and the lowest volume since July 2020.
  • Russia received and is now studying new proposals from the US on resuming talks on strategic stability, Deputy Foreign Minister Ryabkov said according to Interfax.
  • The statistics office will report Industrial Production figures at 1700BST/1900 local (Est: +5.6% y/y; Prior: +5.4%). Weekly CPI data is also on the docket.
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