BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

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

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

Gas Summary at European Close: TTF Rangebound

NATGAS
Homepagemarkets-real-timeCommoditiesEnergy BulletsBullet

TTF front month has erased its gains and moved towards rangebound, with prices holding between €29.15/MWh and €30.215/MWh this week and fundamentals remaining stable.

  • TTF JUN 24 up 0% at 29.68€/MWh
  • TTF Q3 24 up 0% at 30.43€/MWh
  • Temperature forecasts for NW and central Europe are relatively unchanged and still showing above normal temperatures throughout the coming two weeks.
  • Norwegian pipeline supplies to Europe are today nominated at 322.9mcm/d with Gassco showing field and plant outages of 30.4mcm/d this week.
  • Total European gas storage was 65.19% full on May 12 according to GIE compared to the five-year seasonal average of 50.8% with near normal net injection rates on the day.
  • LNG stockpiles held by Japanese utilities increased 6.47% w/w to 2.14m tons in the week to May 12 from 2.01m tons the previous week, according to data released by the trade ministry.
  • Qatar is going to sign more long-term LNG contracts this year according to its CEO Wednesday.
  • PetroChina expects China's LNG import capacity to grow to 250 million metric tons per annum by 2027-28 according to an official on Wednesday.
  • China imported 19.85m mt of LNG in Q1, up 20.43% on the year, according to OilChem, citing GACC data.
  • Five Chinese importers, mostly second-tier buyers, are each seeking one LNG cargo for June-Sep delivery, according to PipeChina, cited by Argus.
  • MNI COMMODITY WEEKLY: Oil Markets Look Towards OPEC Meet After Geopolitical Risks Fade – Full piece here: https://enews.marketnews.com/ct/x/pjJscQnaxrkI6a8zdU8nTw~k1zZ8KXr-kA8x6nOCMfxptIPjO1OcQ
239 words

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.

TTF front month has erased its gains and moved towards rangebound, with prices holding between €29.15/MWh and €30.215/MWh this week and fundamentals remaining stable.

  • TTF JUN 24 up 0% at 29.68€/MWh
  • TTF Q3 24 up 0% at 30.43€/MWh
  • Temperature forecasts for NW and central Europe are relatively unchanged and still showing above normal temperatures throughout the coming two weeks.
  • Norwegian pipeline supplies to Europe are today nominated at 322.9mcm/d with Gassco showing field and plant outages of 30.4mcm/d this week.
  • Total European gas storage was 65.19% full on May 12 according to GIE compared to the five-year seasonal average of 50.8% with near normal net injection rates on the day.
  • LNG stockpiles held by Japanese utilities increased 6.47% w/w to 2.14m tons in the week to May 12 from 2.01m tons the previous week, according to data released by the trade ministry.
  • Qatar is going to sign more long-term LNG contracts this year according to its CEO Wednesday.
  • PetroChina expects China's LNG import capacity to grow to 250 million metric tons per annum by 2027-28 according to an official on Wednesday.
  • China imported 19.85m mt of LNG in Q1, up 20.43% on the year, according to OilChem, citing GACC data.
  • Five Chinese importers, mostly second-tier buyers, are each seeking one LNG cargo for June-Sep delivery, according to PipeChina, cited by Argus.
  • MNI COMMODITY WEEKLY: Oil Markets Look Towards OPEC Meet After Geopolitical Risks Fade – Full piece here: https://enews.marketnews.com/ct/x/pjJscQnaxrkI6a8zdU8nTw~k1zZ8KXr-kA8x6nOCMfxptIPjO1OcQ