MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

NATGAS: TTF Heading for Net Weekly Gain Amid Norway Maintenance

NATGAS

TTF front month is holding just below the high of the week of €39.58/MWh supported by lower Norwegian pipeline supplies during the current seasonal maintenance. 

  • Norwegian pipeline supplies to Europe have fallen to 235.9mcm/d today, according to Bloomberg amid field and processing plant maintenance. Gassco shows capacity reductions of 141mcm/d today and into the weekend before rising to a peak of 237mcm/d on Sept. 2.
  • European LNG sendout was at 239mcm/d on Aug 28 according to Bloomberg compared to an average of 210mcm/d so far in August with LNG demand increasing to cover for missing pipeline supplies.
  • Temperatures in NW Europe remain above normal through the first week of September before drifting back closer to normal during the second week.
  • Gas transit flows via Sudzha are nominated unchanged at 42.4mcm/d today, according to Ukraine’s gas transmission operator.
  • European gas storage injection rates are back below normal as stores rise to 91.98% full on Aug 28 according to GIE compared to the five year average of 84.25%.
  • Algeria gas flow to Italy at Mazara is today at 60.9cm/d, according to Bloomberg.
  • ICE TTF daily aggregate traded futures volume was 286k on Aug 29.
    • TTF OCT 24 up 0% at 38.88€/MWh
    • TTF WIN 24 up 0.9% at 41.38€/MWh
    • TTF SUM 25 unchanged at 39.72€/MWh
Energy BulletsBulletPower BulletsCommodities
Energy BulletsBulletPower 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.