MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Extends Decline on Warm Second Half of December

NATURAL GAS

European gas extends the decline from recent days with the forecast of warmer weather extending further towards the end of the month. The pressure on tight supplies into Europe has eased with above normal weather for NW Europe now expected until about Dec 27 before tailing back towards normal.

    • TTF JAN 23 down -4.6% at 103.6€/MWh
    • TTF SUM 23 down -4.9% at 104.76€/MWh
  • EU energy ministers yesterday reach an agreement on a 180€/MWh gas price cap for a year from 15 Feb onwards. The cap will be effective when prices exceed the ceiling on three consecutive days and if price are at least 35€/MWh above an LNG reference price. There is a provision to withdraw the measure if there are adverse effects from the measure.
  • LNG supply is still up near record levels with total import flows to Europe just over 500mcm/d on 17 Dec. Nominations show Norwegian supply just slightly down today at 327.wmcm/d while gas transit via Ukraine is stable at 42.4mcm/d.
  • European storage is down to 83.82% full as at 18 Dec with Germany at 87.61% full, Italy at 85.03%, France at 83.95% and Netherlands at 78.61.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.