LNG: Japan LNG Stocks Rise Above Seasonal Normal

Oct-22 08:20

LNG stockpiles held by Japanese utilities rose by 10.4% on the week to Oct. 19 to 2.13m tons, according to trade ministry data.

  • Stocks rose from 1.93m tons the prior week to rise above the five-year average for the end of September of 2.05m tons and end of October of 2.03m tons.
  • Stockpiles were 2.11m tons around this time in 2024 and around 2.21m tons in 2023.
  • The 30-day moving average of Japan’s daily LNG imports have drifted back down to 177k tons after rising to the highest since April at 188k tons on Oct. 17, Bloomberg vessel tracking shows.
  • Japan’s trade minister said the country aims to curb dependence on Russian LNG but can’t immediately halt imports despite growing pressure from the US, Bloomberg reports.

Historical bullets

FOREX: FX OPTION EXPIRY

Sep-22 08:16

Of note:

EURUSD 4.97bn between 1.1700/1.1800.

EURUSD 1.66bn at 1.1750 (tue).

EURUSD ~1bn at 1.1750 (wed).

GBPUSD 1.28bn at 1.3500 (wed).

EURUSD 1.3bn at 1.1740/1.1750 (thu).

USDCAD 1.3bn at 1.3795/1.3800 (thu).

EURUSD 1.7bn at 1.1750 (fri).

  • EURUSD; 1.1700 (583mln), 1.1720 (626mln), 1.1730 (630mln), 1.1745 (559mln), 1.1770 (461mln), 1.1775 (260mln), 1.1780 (245mln), 1.1790 (465mln), 1.1800 (1.14bn).
  • GBPUSD: 1.3500 (393mln).
  • USDJPY; 148.35 (350mln).
  • USDCAD: 1.3800 (519mln).
  • AUDUSD: 0.6600 (547mln).

SONIA OPTIONS: Outright Call Seller

Sep-22 07:57

SFIU6 96.90c, sold at 6.75 in 8k.

SONIA: Large Basis trade

Sep-22 07:56

Large Sonia Basis trade:

  • SFIZ6 10k at 96.42.