MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Henry Hub Holding Losses after Small Stock Draw

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub remains at intraday lows following a largely expected, but below-average US storage withdrawal last week. The front month also continues to face pressure from mixed weather forecasts.

  • US Natgas JAN 25 down 6.1% at 3.26$/mmbtu
  • US Natgas JUN 25 down 3.7% at 3.11$/mmbtu
  • The EIA weekly gas inventories for the week ending Nov. 22 showed a withdrawal of 2bcf.
  • This compares to the expectation for a withdrawal of 1bcf according to a Bloomberg survey, a 2bcf draw forecast in a WSJ survey, and a 1bcf build seen in a Reuters survey.
  • The previous five-year average suggested a switch to withdrawals of around 30bcf.
  • Total stocks are at 3,967bcf compared to the previous five-year average of 3,700bcf and 134bcf above levels seen a year ago.
120 words

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.

Henry Hub remains at intraday lows following a largely expected, but below-average US storage withdrawal last week. The front month also continues to face pressure from mixed weather forecasts.

  • US Natgas JAN 25 down 6.1% at 3.26$/mmbtu
  • US Natgas JUN 25 down 3.7% at 3.11$/mmbtu
  • The EIA weekly gas inventories for the week ending Nov. 22 showed a withdrawal of 2bcf.
  • This compares to the expectation for a withdrawal of 1bcf according to a Bloomberg survey, a 2bcf draw forecast in a WSJ survey, and a 1bcf build seen in a Reuters survey.
  • The previous five-year average suggested a switch to withdrawals of around 30bcf.
  • Total stocks are at 3,967bcf compared to the previous five-year average of 3,700bcf and 134bcf above levels seen a year ago.