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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
TTF Edges Back Up After Recent Bearish Trend
Front month TTF is trading slightly higher today having fallen over 6€/MWh from Friday to a low of 37.75€/MWh/ The market has remained bearish despite recent colder than normal weather and the return of warm weather next week will further ease pressure on demand.
- TTF JAN 24 up 1.1% at 38.57€/MWh
- TTF Q1 24 up 0.8% at 38.75€/MWh
- TTF SUM 24 up 0.9% at 38.22€/MWh
- TTF WIN 24 up 0.5% at 42.49€/MWh
- Temperatures in NW and central Europe are forecast to rise above normal from this weekend and currently expected to remain on the warm side beyond the middle of December.
- European LNG sendout was back up to 462mcm/d on Dec 4 after dipping back to around 415mcm/d over the weekend.
- Pipeline supplies into Europe from Norway are back up slightly to 348.2mcm/d but just below the recent highs amid planned outages at the Dvalin field this week.
- European natural gas storage is back to the top of the previous five year range at 93.31% full on Dec 4 according to GIE data after recent greater than normal withdrawal rates. The seasonal five year average is 83.2%.
- Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are at 63.26mcm/d.
- ICE TTF daily aggregate traded futures volumes were yesterday up to 312k.
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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.