MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Gas Prices Falling Again

LNG

Natural gas prices were lower on Wednesday with Europe down 1.6% to EUR 25.79 off the intraday low of EUR 25.18. The resource was driven lower by high seasonal storage levels and weak demand. Supplies from Norway are expected to be higher than 2023 due to less maintenance, which will be a significant help refilling storage ahead of next winter.

  • According to Bloomberg Intelligence, European industrial demand is around 20% lower than before Russia invaded Ukraine as manufacturing struggles.
  • US natural gas prices fell 1.0% to $1.84 as April weather is expected to be warmer than average. “Seasonally prices begin to trend higher in mid-April … the current heavy surplus to storage may slow that seasonal rally”, according to Kissler from BOK Financial Securities. EIA stock data is released later today.
  • North Asian prices moderated 0.5%. Shipments rose 12% y/y in March, according to ship tracking data from Kpler.
Energy BulletsPower BulletsCommodities
Energy BulletsPower BulletsCommodities

To read the full story

Close

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.