LNG: Asia’s Spot LNG Prices Climb to 2-Week High: Reuters
May-23 17:22
Asian LNG prices rose for a third week running to a two-week high, according to Reuters, boosted by renewed demand, weak production in Malaysia and as Egypt seeks to secure significant volumes for the remainder of 2025.
- LNG prices in North Asia averaged $12.40/MMBtu, up from $11.75/MMBtu the week prior, sources told Reuters.
- "The market has been on a rising trend since its recent lows at the start of the month, though overall it remains a long way down from its mid-February highs," ICIS’s Alex Froley, told Reuters.
- Froley added that the rise in buying from Asian buyers like Bangladesh and Taiwan, coupled with Egypt’s renewed LNG appetite.
- The market is also keeping watch on the supply outages in Australia and Malaysia, with loadings from the latter at a 13-year low.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US TSYS/SUPPLY: Reveiew 5Y Auction: Decent Auction
Apr-23 17:10
- Tsy futures bounce slightly (FVM5 to 108-06 from 108-04 at the cutoff) after the latest $70B 5Y note auction (91282CMZ1) trades through: 3.995% high yield vs. 4.005% WI; 2.41x bid-to-cover vs. 2.33x prior (lowest in 9 auctions).
- Peripheral stats: Indirect take-up at 64.04% from 75.8% prior, directs surge to 24.84% vs. 11.0% prior (5 auction low), primary dealer take-up eased to 11.12% vs. 13.2% prior.
- The next 2Y auction is tentatively scheduled for May 28.
FED: US TSY 5Y NOTE AUCTION: HIGH YLD 3.995%; ALLOTMENT 76.41%
Apr-23 17:02
- US TSY 5Y NOTE AUCTION: HIGH YLD 3.995%; ALLOTMENT 76.41%
- US TSY 5Y NOTE AUCTION: DEALERS TAKE 11.12% OF COMPETITIVES
- US TSY 5Y NOTE AUCTION: DIRECTS TAKE 24.84% OF COMPETITIVES
- US TSY 5Y NOTE AUCTION: INDIRECTS TAKE 64.04% OF COMPETITIVES
- US TSY 5Y AUCTION: BID/CVR 2.41
EURUSD TECHS: Corrective Pullback
Apr-23 17:00
- RES 4: 1.1696 1.618 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 3: 1.1625 1.500 proj of the Feb 28 - Mar 18 - 27 price swing
- RES 2: 1.1608 High Nov 9 2021
- RES 1: 1.1573 High Apr 21
- PRICE: 1.1350 @ 16:03 BST Apr 23
- SUP 1: 1.1308 Low Apr 23
- SUP 2: 1.1167 20-day EMA and a key support
- SUP 3: 1.0919 50-day EMA and a short-term pivot level
- SUP 4: 1.0805 Low Apr 3
The trend in EURUSD remains bullish and the pullback from Monday’s cycle high is considered corrective. A bullish price sequence of higher highs and higher lows remains intact and note that moving average studies are in a bull-mode position too, signalling a continued dominant uptrend. The focus is on 1.1608 next, the Nov 9 2021 high. Key support is unchanged at the 20-day EMA, at 1.1167.
Related bullets
Related by topic
Energy Data
US Natgas
TTF ICE
Asia LNG
Gas Positioning
China
South Korea
Taiwan
Japan
