REFINING: Thai Oil Plans CDU Turnaround in July
Jan-30 11:11
Thai Oil plans to shutdown crude distillation unit no. 3 at its Sriracha refinery for 30 days in July as part of a scheduled major turnaround.
- CDU 3 is the largest amongst the plant’s three crude distillation units and has the capacity to process 165k b/d.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US: SOFR FIX - 31/12/24
Dec-31 11:01
SOFR FIX - Source BBG/CME
- 1M 4.33249 -0.00455
- 3M 4.30510 -0.00534
- 6M 4.25001 -0.01229
- 12M 4.17500 -0.03184
FOREX: USD/CNH High Puts Price in Range of Record Levels
Dec-31 10:34
- Price action Tuesday has been muted, with market closures across Europe keeping volumes low, and participation thin.
- USD/CNH has drawn interest - The offshore CNH slipped further: USD/CNH had already accelerated upside on the break of the mid-December high, which also coincided with the local onshore close. USD/CNH now well clear of 7.3500 and, importantly, has now topped 7.3682, the Sep 2023 high. This makes 7.3749 the next upside target, above which would mark a record high.
- China's December PMI data came and went with little fanfare: the composite PMI picked up to 52.2 from 50.8 previously thanks to the outperforming non-manufacturing sector.
- Datapoints are few and far between - with just the house price index for October and Dallas Fed Services Activity set to cross.
EUROZONE ISSUANCE: 13-Week GTB
Dec-31 10:29
| Type | 13-week GTB |
| Maturity | Apr 4, 2025 |
| Amount | E500mln |
| Target | E500mln |
| Previous | E500mln |
| Avg yield | 3.00% |
| Previous | 2.63% |
| Bid-to-cover | 1.44x |
| Previous | 2.12x |
| Previous date | Oct 30, 2024 |
