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June 11 (Xinhua) -- Data released by Beijing Customs on the 11th showed that in the first five months of this year, the total import and export value of the Beijing-Tianjin-Hebei region reached 2.09 trillion yuan (RMB), a year-on-year increase of 14.4%. Exports totaled 630.84 billion yuan, up 11.5%, while imports reached 1.46 trillion yuan, up 15.8%. Since the beginning of this year, the import and export value of the Beijing-Tianjin-Hebei region has maintained year-on-year growth for five consecutive months. In May, exports reached 135.89 billion yuan, up 11.7%, while imports reached 348.46 billion yuan, up 28.1%, both setting new historical highs for the same period.UK Maritime Trade Organization: Local authorities report a fire in the engine room of an oil tanker; no environmental impact has been reported yet.On June 11th, the Hang Seng Index briefly fell below 24,000 points, breaking through the lows of March and continuing its trend of "following the declines but not the rallies" in response to A-shares and overseas markets over the past few months. Industry insiders believe that Hong Kong stocks are not overvalued, and the current level is suitable for phased investment rather than heavy-position chasing of rising and falling markets. They suggest investors prioritize high-quality assets with stable earnings, reasonable valuations, and competitive advantages. Furthermore, some heavyweight internet companies, whose valuations are already at low points, can provide some stability to the market.On June 11th, the Institute of Industry and Planning of the China Academy of Information and Communications Technology (CAICT), in conjunction with CAICT (Guangdong) Science and Technology Innovation Research Institute Co., Ltd. and the Information Center of Guangxi Zhuang Autonomous Region, officially released the "Research Report on Low-Altitude Economic Data Governance (2026)". The reports core findings point out that systematically promoting low-altitude economic data governance requires building a "five-in-one" working system. First, guided by governance goals, data governance should promote the improvement of low-altitude economic data quality, the safe and orderly conduct of low-altitude flight activities, and the efficient allocation of low-altitude resources. Second, driven by organizational management, a "2+N+X" architecture should be used to achieve collaboration among multiple stakeholders and jointly build a low-altitude economic data governance ecosystem. Third, based on the institutional environment, laws, regulations, policy documents, and standards should play a leading, regulatory, and standardizing role. Fourth, the governance process should be the core, applying artificial intelligence to empower the entire lifecycle of data governance, from data collection, data storage, data processing, data utilization to data decommissioning. Fifth, supported by a technological platform, a "3+1+N+X" platform architecture should be used to achieve unified data governance.Shipping intelligence firm Kpler reports that approximately 96 million barrels of non-Iranian crude oil have been exported via the Strait of Hormuz or the Gulf of Oman since early May. Including cargoes still being loaded, total exports exceed 100 million barrels, roughly consistent with Trumps claim that over 100 million barrels of crude oil entered the global market during this period.

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

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After a perpendicular recovery to close to $2.70 in the Asian session, Natural Gas futures have turned sideways. Weakness in the US Dollar Index (DXY), in general, has aided the upward bias in natural gas prices. Natural Gas futures appear vulnerable near $2.70 as the USD Index has demonstrated a recovery move to near 103.90 as investors become anxious ahead of the release of the United States Consumer Price Index (CPI) data.

 

The Federal Reserve's decision to raise interest rates is anticipated to have a negative impact on industrial demand for natural gas (Fed). The market anticipates that Fed chair Jerome Powell's scheduled rate hikes will lead to a recession in the near future.

 

Meanwhile, Winter is nearing its conclusion and summer has not yet arrived. Consequently, demand for residential purposes to heat domestic spaces will remain low. Additionally, because residences will require less electricity to operate air conditioners, power companies are less reliant on natural gas.

 

The recent decline in the USD Index is what has given Natural Gas prices new life. The US Energy Information Administration's (EIA) inventory data, which is released every Thursday, will dominate this week's trading in Natural Gas futures.

 

Going forward, investors eagerly anticipate the publication of US inflation data in order to form a new consensus. According to the projections, the headline CPI could fall to 6.0% from the previous release of 6.4%. And, core inflation, which excludes crude and food prices, is anticipated to decrease slightly to 5.5% from the previous release of 5.6%.