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On June 11, Morgan Stanley said that Pop Marts (09992.HK) IP diversity and operational capabilities will bring lasting growth. Although this years growth momentum may have been factored into the price, its long-term scale potential is expected to have not yet been factored in; its target price was raised from HK$224 to HK$302.Hong Kong Financial Secretary Paul Chan Mo-po: The stock market is expected to remain strong.Xpeng Motors announced that it will unify payment terms to within 60 days.Futures June 11, the next day, the highs of US oil fell back, SC performance was strong. From the perspective of supply and demand, OPEC+ production increase is relatively certain. In the absence of demand growth, it may be necessary to see that the supply side increment is limited, and pay attention to the probability of supply loss in Russia and Iran due to geopolitical confrontation. In addition, it should be noted that the United States may limit crude oil production due to low oil prices and drilling numbers, but if oil prices rebound, it may drive the number of drilling to rebound. In the medium and long term, WTI will test the pressure of the production cut bottom in the second round after breaking the production cut bottom. This round of continuous upward surges, oil prices will maintain a strong trend in the short term and enter the fluctuation range of the production cut bottom, and the previous production cut bottom range may be anchored to the weak balance of supply and demand expectations. When OPEC+ exits the production cut stage, oil prices may remain strong or still rely on some supply reduction expectations (Russia, Iran, the United States, etc.), or the demand side may have an unexpected performance; in the short term, oil prices will fall back to a balanced position, and WTI will pay attention to whether the $64/barrel area will become an effective support. If the support is effective, there is still a probability of continuing to attack in the short term. Retain sensitivity to the sudden rise in U.S. Treasury yields and the impact that may be caused by it. The trading side is facing a mid-term layout opportunity. Under the premise that the previous production cut bottom pressure is effective, we should still maintain a cautious approach of shorting at highs. For short positions, pay attention to stop-loss and protect floating profits, or consider ambushing out-of-the-money options for gambling.On June 11, Los Angeles Mayor Bass said around 17:00 local time on the 10th that a curfew would most likely be announced within an hour and would be implemented "before nightfall." The scope should not be the entire city of Los Angeles, and the specific coverage area will be determined in consultation with local security departments.

Natural Gas Prices Rise After A Weeklong Drop to Almost Two-year Lows

Haiden Holmes

Feb 07, 2023 14:40

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Natural gas prices inched up on Monday as buyers emerged at the lower level for the heating fuel, which had been pummeled to more than two-year lows by a selloff spurred by a forecast of a relatively mild winter for the 2022/23 season.


The March front-month gas contract on the Henry Hub of the New York Mercantile Exchange recovered nearly all of its Friday losses to end up 4.7 cents, or 1.8%, at $2.457 per mmBtu, or metric million British thermal units. In the previous session, it reached a session low of $2.343, hitting a low not seen since December 29, 2020, when it dipped to $2.282.


The benchmark gas futures contract dropped about 16% last week, extending its decline from December's $7 high to more than 60%. Prior to that, in August it reached a 14-year high of $10.


An unexpectedly warm start to winter 2022/23 in the United States has resulted in significantly less heating demand than usual, leaving more gas in storage than anticipated. Despite this, temperatures between Friday and Saturday averaged at or below 20 degrees Fahrenheit (-6.7 degrees Celsius) in New York City and other significant cities in the U.S. Northeast, the largest heating market in the country.


The Energy Information Administration (EIA) reported that gas stocks in the United States for the week ending January 27 totaled 2.58 trillion cubic feet (tcf). According to the EIA, this is up 9.4% from the previous year's level of 2,361 tcf. On February 9, the agency will provide its next storage update.