MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

BoE Data Watch

BoJ Data Watch

Fed Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

TTF Recovers After 22% Fall Since Mid Last Week

NATURAL GAS

TTF front month finding some support today after falling about 18% from a peak at 137.5€/MWh last week. Temperatures in NW Europe are gradually following the seasonal decline, but weather forecasts are still showing temperatures above normal throughout the two week forecast period.

    • TTF DEC 22 up 3% at 113€/MWh
  • Pipeline supplies into Europe are holding steady with supplies through Ukraine at 42.4mcm/d and Norwegian flows at 312.4mcm/d. Norwegian supply is slightly down on last week with short term works at Oseberg and Elgin Franklin reducing flows into Europe and UK today.
  • LNG supplies remain strong with total supplies into Europe up from 380mcm/d early last week to around 430mcm/d late last week and into the weekend.
  • European storage levels continue to edge higher and now up to 95.3% compared to the five-year average pre winter peak at 89%. Germany is at 99.54%, Italy at 95.49%, France at 99.96%, and Netherlands at 91.93%.
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.