MNI China Press Digest Nov 27: Insurance, Tax, U.S. Trade

MNI: PBOC Net Drains CNY33.8 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1982 Weds; -1.45% Y/Y

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

RBNZ SEES RISK OF MID-TERM INFLATION VOLATILITY

MNI: RBNZ CUTS OCR 50BP TO 4.25%

MNI: AUSTRALIA MONTHLY OCT CPI 0.1% MM, 2.3% YY

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

LNG Futures H1 Traded Volumes Soar on Steadier JKM: Platts

LNG

LNG futures traded volumes in H1 2024 rose year-on-year due to increased trading activity in the cargo market and stabilising APAC spot LNG prices, Platts said.

  • Total traded volumes recorded for JKM LNG futures and JKM LNG balance-month-next-day futures in Jan-June was 495,581 lots, up 71.55% from 288,888 lots over the H1 2023.
  • The increase in trading volumes was due to more stability in Asian LNG prices.
  • APAC LNG prices in H1 2024 have traded in a narrower range compared to 2023. Prices ranged from $8-$13/MMBtu in H1 2024, narrower than the $8-$23/MMBtu in H1 2023.
  • APAC spot LNG prices trended higher in June as sentiment turned bullish on forecasts of above-average summer temperatures.
  • JKM averaged $12.577/MMBtu in June, compared to $11.230/MMBtu in May.
  • The Asian market remained well supplied, partly due to an open arbitrage with the US in June.
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.