OIL PRODUCTS: China Traffic Congestion Steady: BNEF

Mar-13 11:37

China’s road traffic congestion in China’s 15 key cities fell by 0.8 percentage points in the seven days to March 12, BNEF said.

  • Traffic levels now stand at 126.6% of Jan 2021 levels, BNEF said.
  • “The surge in traffic that began four weeks ago has slowed down after reaching pre-holiday levels,” BNEF said.

 

Screenshot 2025-03-12 224514
Source: Bloomberg

Historical bullets

EURIBOR OPTIONS: Latest Condors

Feb-11 11:33
  • ERK5 97.68/62/56/43 broken p condor bought for half in 3k.
  • ERU5 97.87/98.00/98.12/98.25c condor, sold at 3.5 in 3k.

BUNDS: Bund outright call

Feb-11 11:30

RXH5 132.50c, traded for 77 in 7.5k (66del).

EUR: Seeing wider demand in te past few minutes

Feb-11 11:20
  • The EUR is seeing a wider bid here, at its best level for the day against the CHF, JPY, AUD, NOK, CAD, and the EUR is on the foot in early trade, with the CAD leading losses, down 0.31%.
  • It is still worth noting that Yesterday's low at 1.47237 in EURCAD was the lowest level in nearly a Month, since 13th January, so today's gains is barely an unwound of Yesterday's range.
  • The high in EURCAD is at 1.48155.