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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
TTF Regains Ground Back to Flat on the Day
TTF front month has regained earlier losses back near to flat on the day after falling nearly 10% yesterday driven by building storage inventories, low demand and slowly recovering Norwegian supply. Competition for LNG supplies from Asia remains muted amid subdued demand despite spreads favouring spot supplies to Asia.
- The JKM-TTF spread yesterday reached the highest since late January and holding up around 2.3$/mmbtu today. The US netbacks to Asia are holding a premium compared to the netbacks to Europe throughout the summer months. The profitability of US LNG exports to Europe for August was estimated at 6.30$/mmbtu and to Asia at 8.24$/mmbtu according to Bloomberg before the TTF open today.
- TTF AUG 23 down 0% at 30.22€/MWh
- NBP AUG 23 up 0.2% at 73.65p/th
- JKM Aug 23 down -0.2% at 12.07$/mmbtu
- JKM-TTF Aug 23 down -0.2$/mmbtu at 2.32$/mmbtu
- US Natgas AUG 23 up 0.3% at 2.68$/mmbtu
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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.