MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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

US Henry Hub Pulls Back Amid Warmer Forecast After Surge Last Week

NATGAS

US Henry Hub is pulling back after surging to a peak of 3.64$/mmbtu on Friday driven by a smaller than expected build in storage data last week. Front month is back to levels seen earlier last week with warmer weather expected later this week and as global energy markets focus on the conflict in Israel .

    • US Natgas DEC 23 down -4.1% at 3.34$/mmbtu
    • US Natgas MAY 24 down -1.9% at 3.09$/mmbtu
    • US Natgas NOV 24 down -1.1% at 3.77$/mmbtu
  • US natural gas demand is today estimated back above normal at 78.7bcf/d after dropping down to as low as 66bcf/d on 26 Oct. The cold weather expected in eastern regions in the coming days will return to normal or even slightly above by the end of the week. The latest NOAA two week forecast suggests above normal temperatures for much of the country in the 6-14 day period.
  • Domestic natural gas production was yesterday holding steady at 103.2bcf/d just above the average of 102.7bcf/d seen so far in October and compared to around 100bcf/d this time last year.
  • Feedgas deliveries to US LNG export facilities are up to 14.4bcf/d today according to Bloomberg from around 13.7bcf/d last week due to an increase in supply to Sabine Pass LNG.
  • Export flows to Mexico are today estimated at 6.4bcf/d.
Energy BulletsPower BulletsCommoditiesUS
Energy BulletsPower BulletsCommoditiesUS

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.