MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Germany Raises THE Credit Line To Enable Gas Forward Sales From Storage

NATURAL GAS

Germany aims to give additional credit to the nationwide gas market trading hub (THE) to enable forward gas sales from gas storage facilities, according to a document seen by Reuters.

  • 5 billion euros' ($5.1 billion) worth of credit to the nationwide gas market trading hub to enable forward sales from gas storage facilities, according to a finance ministry document seen by Reuters.
  • The government plans to add €5bn wort of credit, raising the total amount of credit for THE to €20bn.
  • The government wants to secure the credit increase to serve as a security deposit to enable THE to place stored gas volumes for sale on the futures market over the winter, it says.
  • The economy ministry ordered in late September that 35% of stored gas volumes be sold via the futures market and 35% via the spot market this winter. Beyond this winter, 30% of the volumes are to remain in storage, the document says.
Energy BulletsCommodities
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