MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

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

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

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

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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US Rebounds on Cold Weather and Freeport Uncertainty

NATGAS

US Natgas rises on cooler temperatures and after Freeport LNG dismiss the reports on late Friday of a restart delay due to cracked pipes as false information. The company has not issued any recent statement regarding the restart plans.

  • Front month has recovered much of the losses seen after the false reports late on Friday. US Natgas DEC 22 up 6.6% at 6.27$/mmbtu.
  • Weather forecasts show below normal temperatures in the 6-10 day period across the US before easing slightly back towards normal later in 8-14 day period. Current domestic natural gas demand is today estimated above normal up at 88.3bcf/d.
  • US lower 48 dry gas production is steady, estimated at around 100.5bcf/d today while exports to Mexico are also stable at around 6.3bcf/d.
  • Deliveries to US LNG export terminals are today at 12.02bcf/d compared to an average of 11.6bcf/d over the last week.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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