WISEMACRO

Policies, Markets and Experiences, Curated

[WISEMACRO @wisemacro]

4) China shows less interest in approving the new pipeline, hoping to get more advantages. https://t.co/rpnCK1gP9f

[WISEMACRO @wisemacro]

The oil and gas revenues of Russian government have seen modest recovery since March.

[WISEMACRO @wisemacro]

3) Under western sanctions, Russia has to shift its export of natural gas from Europe to other destinations, but due to particularities of transportation, the shift has proved to be very difficult.

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Latest macro discourse from within china, curated. https://t.co/emRL3YeYEz

[WISEMACRO @wisemacro]

In today's volume of From the Other Side:

Shanghai Crude Futures (INE) Front Month, exp. 20230630: ￥501.6 or $71.67/bbl
Shanghai-Urals Price (5-day rolling avg.) Premium: $16.54/bbl
Shanghai-Brent Price (5-day rolling avg.) Difference: $-3.34/bbl

[WISEMACRO @wisemacro]

The absolute level of real estate sales is not high, and fault lines are forming between cities. This is insufficient to reverse demand-side expectations, and cash flow is still unable to support improvements in new construction and land acquisition.

[WISEMACRO @wisemacro]

Market narratives are often detached from reality, some of which would simply fade into irrelevance over time. https://t.co/NZWNqkxhwJ

[WISEMACRO @wisemacro]

Latest macro discourse from within china, curated. https://t.co/7fLirxmnlP

[WISEMACRO @wisemacro]

In today's volume of From the Other Side:

Shanghai Crude Futures (INE) Front Month, exp. 20230531: ￥494.4 or $71.16/bbl
Shanghai-Urals Price (5-day rolling avg.) Premium: $16.11/bbl
Shanghai-Brent Price (5-day rolling avg.) Difference: $-5.37/bbl

[WISEMACRO @wisemacro]

Weak price signals are not only a result but may also dampen corporate investment and consumer enthusiasm, creating a negative feedback loop between price signals and demand that requires caution.

[WISEMACRO @wisemacro]

Latest macro discourse from within china, curated. https://t.co/4ggAiFkgiv

[WISEMACRO @wisemacro]

In today's volume of From the Other Side:

Shanghai Crude Futures (INE) Front Month, exp. 20230531: ￥496.0 or $71.41/bbl
Shanghai-Urals Price (5-day rolling avg.) Premium: $14.83/bbl
Shanghai-Brent Price (5-day rolling avg.) Difference: $-5.49/bbl