ENN Natural Gas Modifies LNG Agreements, Reduces Contracted Volume by Half

April 17 news, according to CME "Fed Watch": The probability of the Fed raising interest rates by 25 basis points in April is 0.5%, and the probability of maintaining the interest rate unchanged is 99.5% (unchanged from this morning). The probability that the Fed will cut interest rates by 25 basis points by June is 7.1%, the probability that the interest rate will remain unchanged is 92.4%, and the probability that the interest rates will increase by 25 basis point is 0.5% (1.4%, 98%, and 0.5% respectively this morning). The probability that the Fed will cut interest rates by 25 basis points by July is 18.1%, the probability that the interest rate will remain unchanged is 80.6%, and the probability that the interest rates will increase by 25 basis point is 0.4% (9.7%, 89.7%, and 0.5% resp

This week, ferrous metals exhibited a pattern of initial weakness followed by strength. At the beginning of the week, after the U.S.-Iran peace talks failed to reach an agreement, the U.S. military announced it would impose a blockade on all maritime traffic in and out of Iranian ports, pushing international oil prices higher once again. Mid-week, disturbances from iron ore long-term contract negotiations intensified, with market rumors suggesting that restrictions on certain previously limited products had been partially lifted. Subsequently, news emerged of an unexpected shutdown at an Australian refinery, raising market concerns that a diesel supply deficit could trigger mine shutdowns, which in turn would lead to short-term supply tightening. Coupled with rising expectations of a second round of coke price increases, ferrous metals successfully rallied in the latter half of the week...