MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

MNI: SWEDEN Q2 GDP +0% Y/Y

MNI: SWEDEN JUN RETAIL SALES -0.1% Y/Y

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

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

High European Inventory Levels Reassure Markets

LNG

European LNG prices fell below EUR 30 on Monday. They are down 5.5% to EUR 29.08 after a high of EUR 30.46 midway through the session, as potential supply disruptions became less concerning. They are still up 6.4% in April to date.

  • The European heating season finished with storage facilities 58% full and so there are expectations that they will be refilled ahead of next winter as soon as October. This has helped to minimise the impact from the possibility that the EU will ban Russian LNG imports as part of their 14th set of sanctions.
  • US natural gas prices rose 2.7% on Monday to be up 2.1% this month, as forecast warm weather for the east of the country signalled the start of air conditioner usage.
  • North Asian prices fell 0.3% but are still up 11.1% in April. The resumption of flows at the US’ Freeport export terminal after outages weighed on prices.
Energy BulletsCommodities
Energy 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.