MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Extends Recovery on Qatar LNG Cargo Delays

NATURAL GAS

TTF is edging higher after gains yesterday driven by reports that some LNG arrivals from Qatar to Europe are delayed due to Red Sea diversions. Front month has found support after falling to the lowest since early August of 26.6€/MWh on Jan 22 amid warm weather and healthy storage levels.

    • TTF FEB 24 up 0.8% at 29.17€/MWh
    • TTF SUM 24 up 0.5% at 29.99€/MWh
    • TTF WIN 24 up 0.7% at 35.05€/MWh
    • TTF SUM 25 up 0.7% at 32€/MWh
  • Temperatures in NW and central Europe are forecast to hold above normal throughout the two week forecast period although could trend back towards normal after the first few days of February.
  • Norwegian pipeline supplies to Europe are today nominated at 348.2mcm/d amid a planned outage at Karsto until Jan 26.
  • European natural gas storage is down to 73.46% full on Jan 23 according to GIE data compared to the seasonal five year average of 61.9% with net withdrawals below normal this week.
  • European LNG sendout increased slightly up to 375mcm/d on Jan 23 but remains below levels seen in the previous couple of years at this time of year.
  • Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are today at 38.5mcm/d.
  • ICE TTF daily aggregate traded futures volume was yesterday at 307k.
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.