MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Thursday

US Treasury Auction Calendar

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

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

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TTF Regains Earlier Losses with a Dip in LNG Imports

LNG

After today anther 8 LNG tankers are expected into NW Europe before the end of the month with another 10 scheduled in the first week of November. Over 60% of the cargoes originate from US.

  • LNG imports into NW Europe drifted lower at the start of this week compared to last week resulting in total European imports of around 360mcm/d. Net imports averaged 392mcm/d last week.
  • TTF front month has recovered back to flat on the day after opening lower due to ongoing warm weather into November. The front month JKM-TTF spread has turned back negative after JKM was trading higher earlier this week.
    • TTF NOV 22 down -0.1% at 104.25€/MWh
    • NBP NOV 22 up 2.2% at 201.83p/th
    • JKM Nov 22 down -1.8% at 30.45$/mmbtu
    • JKM-TTF Nov 22 down -2$/mmbtu at -0.46$/mmbtu
    • US Natgas NOV 22 down -0.1% at 5.6$/mmbtu
Energy BulletsCommodities
Energy BulletsCommodities

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