CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI BRIEF: BOJ Tankan To Show Slipping Sentiment

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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 Pulls Back Amid a Warmer Forecast for Later in Jan

NATURAL GAS

TTF pulls back from the highs of 32.225€/MWh seen on Friday with a warmer weather forecast for next week and gas storage still well above normal to offset Middle East escalation risks.

    • TTF FEB 24 down -4.5% at 30.54€/MWh
    • TTF SUM 24 down -4.2% at 30.59€/MWh
    • TTF WIN 24 down -3.1% at 35.2€/MWh
  • Temperatures in NW Europe are expected to warm back above normal over the coming weekend after cold this week with central Europe also warming into the second week of the outlook.
  • Norwegian pipeline supplies to Europe are down at 339.3mcm/d today due to unplanned outages today at Aasta Hansteen and Dvalin amid process problems.
  • European natural gas storage was down to 79.72% full on Jan 13 according to GIE data compared to the seasonal five year average of 68.3%. Net withdrawal rates have fallen back below normal after surging above normal last week.
  • Net European LNG import sendout to NW Europe and Iberia dipped late last week from the highs seen earlier in the week. Total European sendout was back down to 390mcm/d from a peak of 509mcm/d on Jan 9 according to Bloomberg.

  • Gas transit flows through Ukraine are at 40.5mcm/d today and Algeria gas flow to Italy at Mazara dip to 45.9mcm/d.
  • ICE TTF daily aggregate traded futures volumes yesterday were 251k.
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.