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

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

Gas Prices Stronger Due To Outage & Warmer Weather

LNG

European gas prices were higher on Tuesday rising 1.3% to EUR 34.70 after a high of EUR 35.10. It is up just over 1% in June to date. The region remains highly sensitive to outages and the pick up in prices was due to an unplanned disruption in Norway. A date for the resumption of normal output is yet to be set. Warmer weather is also expected around the end of the month.

  • US natural gas rose 4.3% to $2.91 after falling at the start of the week as weather forecasts shifted higher for around the turn of the month. It is now over 12% higher this month.
  • There is a tropical storm warning for the Texas coast which could result in some gas production being halted but is also likely to reduce air conditioner demand.
  • North Asian prices also increased rising 0.5% to be up 3.6% in June as heatwaves across the region have driven stronger demand. China’s gas imports rose 3.4% y/y in May according to China customs. The country is the world’s largest LNG importer.
EM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletPower BulletsMarketsFixed Income BulletsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletPower BulletsMarketsFixed Income BulletsForeign Exchange Bullets

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.