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

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

MNI: PBOC Sets Yuan Parity Higher At 7.1310 Tues; -0.50% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1310 TUES VS 7.1286

MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

MNI: UK BRC JUN BY VALUE SHOP SALES LFL -0.5% YY, TOTAL -0.2% YY

BRC-KPMG Retail Sales Fell For The First Time (ex Easter Anomaly) Since Jun-22

Consumer Credit Growth Picks Up In May, But Overall Dynamics Subdued

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

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

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

US Henry Hub Supported by Strong Domestic Demand and Steady LNG Exports

NATGAS

US front month Henry Hub is seeing some more support today with steady LNG export demand and a slight increase in domestic demand above normal. Upside remains limited by strong production and healthy storage levels.

    • US Natgas JUN 23 up 2.3% at 2.32$/mmbtu
  • Delivery flows to the US LNG export terminals are today steady at 13.24bcf/d according to Bloomberg compared to an average of 13.03bcf/d so far this month.
  • Domestic demand has edged slightly higher and now just above normal at 63.8bcf/d. Some coal to gas switching has driven gas demand for power generation up to the highest seasonal level since at least 2014 according to Bloomberg last week. The latest 6-14 day NOAA forecast is showing above normal temperatures expected in western and northern areas but below normal expected towards the Gulf Coast and in south eastern areas.
  • Natural gas production has also remained largely unchanged this month with output estimated at around 100.2bcf/d over the weekend according to Bloomberg. The latest EIA US drilling productivity report is due for release today at 14:00ET detailing the expected output from the US oil and gas shale producing regions for June.
  • Export flows to Mexico have dipped to around 5.8bcf/d today from around 6.2bcf/d last week.
Energy BulletsCommoditiesUS
Energy 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.