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On August 8, Zhongliang Holdings (02772.HK) announced that from January to July 2025, the Groups cumulative contracted sales amounted to approximately RMB 7.33 billion, with cumulative contracted sales area of approximately 693,000 square meters. The average contracted sales price for the period was approximately RMB 10,600 per square meter. In July 2025, the Groups contracted sales amounted to approximately RMB 950 million, with contracted sales area of approximately 97,000 square meters. The Groups average contracted sales price for July 2025 was approximately RMB 9,800 per square meter.Bank of England market participant survey: median forecasts show the benchmark interest rate will bottom out at 3.25% in April 2026.Bank of England market participant survey: The median estimate for quantitative tightening (QT) next year is £72 billion.On August 8, Maoyan Entertainment (01896.HK) announced that it expects the Groups revenue in the first half of 2025 to be between approximately RMB 2.4 billion and RMB 2.5 billion, an increase of approximately 10.6% to 15.2% from the revenue of RMB 2.171 billion for the six months ended June 30, 2024; the Group expects the profit attributable to the owners of the Company in the first half of 2025 to be between approximately RMB 160 million and RMB 200 million, a decrease of approximately 29.8% to 43.8% from the profit attributable to the owners of the Company of RMB 285 million in the first half of 2024.Sources: India is waiting for clarity from the United States on trade and tariff issues before restarting arms purchase negotiations.

Natural Gas: XNG/USD bears continue to monitor $2.13 in advance of EIA inventories

Daniel Rogers

Mar 30, 2023 15:59

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Natural Gas (XNG/USD) price fluctuates near the intraday low of $2.23, declining the previous day's corrective rebound off a five-week low ahead of Thursday's European session. In doing so, the energy instrument fails to bolster expectations of increased demand from China in the face of inflation concerns, hawkish central bank actions, and a stronger US dollar.

 

China's willingness to import 65,000 tonnes of Liquefied Natural Gas (LNG) from the United Arab Emirates (UAE) and Premier Li Qiang's upbeat comments have supported the XNG/USD. Premier Qiang of China stated that the economic situation in March is even better than in January and February. However, the policymaker also increased geopolitical tension by opposing trade protectionism and decoupling, which indirectly target the United States and stimulate the Natural Gas bulls.

 

On the other hand, rumors that German gas pipelines are once again reliable for transporting energy, following previous challenges from Russia, impact on the XNG/USD exchange rate. In addition, the majority of central bankers defend their prior bias regarding inflation, exerting downward pressure on the commodity. In addition, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated on Thursday, "Urgently need faster, more efficient mechanisms for providing debt support to vulnerable countries." Her remarks revive previously alleviated banking concerns.

 

The US Dollar Index (DXY) adheres to modest gains while S&P 500 Futures struggle around a one-week high set the day before. In addition, the yields on the 10-year and 2-year US Treasury bonds grind higher after tantalizing bond purchasers the day before.

 

Moving forward, Weekly Natural Gas Storage Change data from the US Energy Information Administration (EIA), preceding -72B, may influence XNG/USD price action. Nonetheless, the headlines surrounding inflation and the banking system, as well as China, should be given the utmost focus for direction.

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