MNI China Daily Summary: Thursday, November 14

MNI BRIEF: China Consumer Market Strong In November - MOFCOM

MNI: PBOC Net Injects CNY309 Bln via OMO Thursday

CHINA PBOC CONDUCTS CNY328.2 BLN VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1966 Thurs; +0.94% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1966 THURS VS 7.1991

MNI: EUROZONE FLASH Q3 GDP +0.4% Q/Q, +0.9% Y/Y

MNI: EUROZONE SEP IP -2% M/M, -2.8% Y/Y

MNI: SPAIN OCT HICP +0.4% M/M, +1.8% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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NATGAS: TTF Eases Back from Supply Risk Driven High

NATGAS

TTF front month eases back from the high of the last week of around €37/MWh with Middle East supply risks and above normal temperatures weighed against muted industrial demand and building storage.

  • Temperatures in NW Europe are forecast to gradually rise further above normal in the coming week before drifting back towards normal after Aug 12.
  • Norwegian pipeline supplies to Europe are today nominated at 343.9mcm/d with Gassco showing limited outages until 18mcm/d offline from Aug 10.
  • European LNG sendout has fallen again to 197mcm/d to remain at the lowest since October 2021 and compared to an average of 244mcm/d last month.
  • European gas in store is up to 86.29% full on Aug 5 according to GIE compared to the five year average of 77.5% with injections rates 27.4% below normal last week.
  • Gas transit flows through Ukraine are at 39.5mcm/d today and Algeria gas flow to Italy at Mazara are back up to 51.0cm/d.
  • ICE TTF daily aggregate traded futures volume was at 272k on Aug 6.
    • TTF SEP 24 down 1.4% at 36.18€/MWh
    • TTF WIN 24 down 0.9% at 39.39€/MWh
    • TTF SUM 25 down 0.6% at 38.1€/MWh
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