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CN Wire

2 Nov, 4 tweets, 3 min read

China's premier Li Keqiang: China's economy is facing new downward pressure. China to make cross-cyclical adjustments and formulate a new combination of tax and fee reduction policies.
#China $CNY

China's premier Li Keqiang: China to crack down on monopoly, unfair competition, hoarding, and price gouging.
#China $CNY #commodities

China's vice premier Han Zheng urges ensuring energy supply, restoring power generation capacity to normal ASAP.
#China #coal #energycrunch

China's vice premier Han Zheng: China to closely monitor international energy price changes, speed up analysis of coal and electricity linkage market price formation mechanism, and improve energy import, export, and reserve management.
#China #coal #energycrunch

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CN Wire

@Sino_Market

3 Nov

#OOTT | #EIA weekly data
#Crude stocks +3.290M
#Gasoline stocks -1.488M
#Distillate stocks +2.160M
#Cushing stocks -0.916M

#OOTT | #EIA

#OOTT | #EIA: US East Coast crude oil imports rise 40%.

Read 6 tweets

CN Wire

@Sino_Market

3 Nov

NDRC: China's coal stocks at power plants exceed 110 million tonnes as of Nov 2 vs 100 million tonnes on Oct 29.
#China #coal

China's NDRC: Coal stocks at power plants about 31 mln tonnes higher than end-Sept, and 6 mln higher than on Oct 29.
#China #coal

China's NDRC says rapid increase in coal stocks at power plants will effectively meet demand for coal for power generation and heating in winter.
#China #coal

Read 4 tweets

CN Wire

@Sino_Market

3 Nov

US Treasury cuts size of quarterly refunding auctions by $6b to $120b (3-, 10-, 30-year refunding sales cut by $2b apiece). #US $USD

US Treasury: SOFR-linked floating note not needed at this time. #US $USD

Spot #gold falls rapidly to $1,777/oz after US Treasury announces cut in size of quarterly refunding auctions.
$XAU

Read 6 tweets

CN Wire

@Sino_Market

3 Nov

US crude oil futures fall below $82/bbl, down 2.3% on the day; Brent crude oil futures extend decline to 2%.
#OOTT

Crude oil futures fall further, WTI down 3%. #OOTT

Oil futures extend losses, Brent crude down $2 a barrel. #OOTT

Read 4 tweets

CN Wire

@Sino_Market

2 Nov

#China's most-traded #IronOre futures, thermal #coal futures fall about 3% in night session.

Thermal #coal futures traded on ZCE trim losses rapidly, last down 0.9%. #China

SHFE #SteelRebar futures fall about 2.4% as #IronOre futures extend decline to more than 4%. #China

Read 5 tweets

CN Wire

@Sino_Market

2 Nov

The most-traded #ironore contract fell below 600 yuan per ton, down 5.65%, for the first time since May 2020.
SGX #ironore index futures due December fells more than 3%.
#China #future

The most-traded #ironore contract extended its decline to 8.04% at 577.5 yuan/ton.

The most-traded #ironore contract in #China dives to the limit down.
SGX #ironore future plunges 7%.
Iron ore stockpiles in 7 major ports from Australia and Brazil recorded 12.92 mln tons from Oct.25-31, rosed by 0.33 mln tons w/w, slightly above 2021 average, data shows.

Read 5 tweets

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