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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.
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MNI China Daily Summary: Wednesday, Dec 4
Strong Demand and Production Dip Support US Natgas Prices
US Natgas following global gas markets higher ahead of EIA stock data later
- US Natgas SEP 22 up 1.8% at 9.42$/mmbtu
- Robust domestic and overseas demand and low stock levels are supporting prices while strong US production has dipped slightly this week.
- EIA weekly gas inventories were still 11% below the 5-year average on data last week. Expectation is for a build of 31bcf following a build of 44bcf last week and compared to a seasonal normal build of 48bcf for this time of year.
- US Production is today estimated at 97.7bcf/d while demand is relatively unchanged from yesterday at 69.9bcf/d.
- Deliveries to US LNG export terminals are strong at 11.27bcf/d considering the ongoing outage of Freeport LNG and exports to Mexico are up at 7.2bcf/d.
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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.