MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

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 Natgas Egdes Lower on Cooler Weather Forecast

NATGAS

US Henry Hub is slightly down on the day on a cooler weather forecast and after data yesterday showing above normal storage injections last week. The move comes despite a recovery in LNG export supplies.

    • US Natgas NOV 23 down -0.8% at 2.92$/mmbtu
    • US Natgas APR 24 down -0.2% at 3.01$/mmbtu
    • US Natgas OCT 24 up 0.1% at 3.38$/mmbtu
  • The EIA weekly gas inventories for the week ending 22 Sep showed a build in line with expectations at +90bcf compared to the five-year average for this time of year of +79bcf. The total US inventories are maintaining above the five year average of 3,359bcf compared to the average of 3,142bcf.
  • Natural gas deliveries to US LNG export terminals are today up to 12.57bcf/d according to Bloomberg with a recovery in flows to Corpus Christi back to near normal levels.
  • Domestic natural gas consumption is relatively unchanged at 67.1bcf/d and still above the five year average for the time of year. The latest NOAA two week outlook shows signs of cooler weather into October for much of the US. Central areas are now showing nearer to normal while the west coast has actually turned slightly warmer and no longer expecting below normal temperatures.
  • US domestic natural gas production is today estimated at 101.3cf/d according to Bloomberg compared to the average of 101.45bcf/d this month and 99.4bcf/d in Sep 2022.
  • Export flows to Mexico are today estimated high at 7.3bcf/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.