MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

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

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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

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Rhine Water Levels at Kaub Chokepoint at 13-month Low

OIL

Water levels at the Rhine’s key chokepoint of Kaub have fallen to their lowest level since Sep. 2022, raising barge rates and lowering navigable loading volumes.

  • As of Oct. 9, the maximum load that can pass through Kaub on a barge is 900mt. By comparison, in July around 1,800 mt could be loaded.
  • Water levels at Kaub are currently around 87cm.
  • Barges moving inland to locations such as Karlsruhe must pass through Kaub.
  • This has raised the freight rate to EUR 39/mt, above the average for the previous four-year period.
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