MNI China Daily Summary: Monday, October 14

MNI BRIEF: China Sep M2 Rises To Four-Month High

MNI BRIEF: China Foreign Trade Grow Steady; Exports +4.3% YTD

MNI BRIEF: China Foreign Trade Facing Pressure In Q4

CHINA YTD NEW LOANS CNY16.0 TRLN VS MEDIAN CNY16.3 TRLN: PBOC

CHINA SEP EXPORTS +2.4% Y/Y VS MEDIAN +6.0% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.2% Y/Y IN YUAN TERM: CUSTOMS

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.20B BSL

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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NATGAS: Funds Reduced Net Long Henry Hub Positions in Week to Oct. 8

NATGAS
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GAS POSITIONING – Funds net long positions on seven US Henry Hub contracts fell in the week to Oct. 8, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts decreased by 7k to a net long of 125k, according to Bloomberg. The long only position was the lowest in 18 weeks and short only position the lowest in 15 weeks.
  • Managed money Nymex Henry Hub futures and options fell by 6k on the week to a net short of 14k with long only positions falling more than short only positions, according to the Nymex disaggregated data.
  • Henry Hub front month futures have seen a gradual pull back since Oct. 4 with power disruption in Florida due to Hurricane Milton last week adding to a warm weather forecast and healthy inventories towards the end of the injection season despite a declining surplus since July.
  • US Natgas NOV 24 down 1.7% at 2.59$/mmbtu
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GAS POSITIONING – Funds net long positions on seven US Henry Hub contracts fell in the week to Oct. 8, according to the Commitments of Traders data released on Friday.

  • Net positions of the weighted index of Nymex and ICE natural gas contracts decreased by 7k to a net long of 125k, according to Bloomberg. The long only position was the lowest in 18 weeks and short only position the lowest in 15 weeks.
  • Managed money Nymex Henry Hub futures and options fell by 6k on the week to a net short of 14k with long only positions falling more than short only positions, according to the Nymex disaggregated data.
  • Henry Hub front month futures have seen a gradual pull back since Oct. 4 with power disruption in Florida due to Hurricane Milton last week adding to a warm weather forecast and healthy inventories towards the end of the injection season despite a declining surplus since July.
  • US Natgas NOV 24 down 1.7% at 2.59$/mmbtu