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

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

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

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Russian Seaborne Oil Product Exports Fell 5% MoM In April: Reuters

OIL PRODUCTS

Russian seaborne oil products fell by 5% on a daily basis month on month in April, data from industry sources and Reuters calculation showed.

  • Russian seaborne oil product exports fell to 11.383mn tonnes in April, from 12.374mn tonnes in March, Reuters data showed.
  • According to Bloomberg data, diesel exports from Russia’s western ports also declined on the month in April to 2.386mn tonnes and are further anticipated to decline to 1.672mn tonnes in May amid spring maintenances.
  • Since the EU embargo on Russian oil products on 5 Feb, Russia has been finding new outlets in Brazil, North Africa, the Middle East and Turkey for its diesel exports.
  • During the next G7 summit at the end of this week, leaders will discuss to tighten energy sanctions against Russia by intending to stop the possibility for Russian oil products to be re-exported to Europe via third countries.
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