RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Henry Hub Extends Losses

NATGAS

Henry Hub is currently on track for its lowest closing level since Aug. 5 as forecasts for milder US temperatures in the coming two weeks put pressure on cooling demand.

  • US Natgas SEP 24 down 3.2% at 1.96$/mmbtu
  • US Natgas FEB 25 down 0.4% at 3.25$/mmbtu
  • Temperatures forecasts for 6-14 days ahead are showing colder temperatures, with much of the East Coast and Mid-West either near normal or below normal, according to the NOAA. There are above normal pockets in the Pacific region.
  • US cooling demand for the week ending Aug. 31 is forecast to be 32 cooling degree days (CDD) above the long-term normal, according to Bloomberg, citing the NOAA.
  • However, cooling demand for last week came in well below previous forecasts to 10 CDD below norma.
  • US domestic natural gas production was higher yesterday at 102.2bcf/d and compared to an average of 102.3bcf/d so far in August, according to Bloomberg.
  • US LNG export terminal feedgas flows are stable at 12.98 bcf/d today, according to Bloomberg with a small decrease from the 12.92 bcf/d yesterday.
  • Export flows to Mexico are today estimated to have fallen on the day at 6.62 bcf/d, compared to 6.7bcf/d yesterday, and the 20-day moving average of 7.011 bcf/d according to Bloomberg.
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower Bullets
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletPower 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.