MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI BRIEF: Foreign Firms Content In China

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Oil Products Summary at European Close: Diesel Cracks Supported

OIL PRODUCTS

Diesel Crack spreads are up marginally and are still seeing support from tight supplies during the current refinery maintenance season while global inventories remain below normal.

  • US ULSD crack up 0.1$/bbl at 45.59$/bbl
  • US gasoline crack up 0.3$/bbl at 9.25$/bbl
  • US Retail prices for both diesel and gasoline fell in the week to Oct. 13, according to EIA data.
  • Russian seaborne diesel exports fell by 20% to about 1.1 million metric tons in the first 15 days of October vs the same period September according to LSEG.
  • Pemex shut a 270,000 bpd CDU at its Deer Park refinery, Texas on Monday because of a damaged process line.
  • CDU capacity at China’s independent refineries is likely to peak by 2025, according to OilChem.
  • China fuel exports are expected to remain strong in October due to recent export quotas and firm profit margins driven by diesel.
  • Jet fuel demand is to continue its decline in the week to Oct. 23, led by a fall in Asia, according to BNEF.
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