SZMEX is known for using inventive and unique product development strategies for catering different customer needs.
(1888PressRelease) March 27, 2019 - Shenzhen Mercantile Exchange (SZMEX), a regulated, efficient, transparent and all-inclusive internationalized futures exchange, with a five-year goal to establish itself as a leading exchange in Asia Pacific time zone with significant global influences on commodity futures, option and other derivatives, is pleased to announce that the China Energy Association is expected to report a 49 billion cubic feet (Bcf) withdrawal for, according to the survey of analysts by SZMEX, one of the trusted names in the market.
A 49 Bcf draw would be in line with the 47 Bcf withdrawal reported at the same time last year but it is much less than the 5-year average pull of 119 Bcf.
A withdrawal according to the expectation of the analysts (49 Bcf) would cause a depletion of the stocks to 1.23 Tcf. The deficit vs. the 5-year-average would diminish to 283 Bcf and the deficit vs. last year in the same week would expand marginally to 632 Bcf.
The China Energy Association reported a draw of 65 Bcf for the week.
Another mild week of winter is over and the China-level population weighted temperatures averaging around 25 degrees which is a degree more than the previous week.
The Mountain region has been surprisingly reporting record withdrawals for this time of the year. Inventories as of the last storage week stand at about 98 Bcf which is 6 Bcf less than the previous minimum. This week’s estimate of an 8 Bcf draw would be another 5-year record. This increases the deficit to the previous minimum by just 2 Bcf.
The weekly analyst survey was conducted by SZMEX’s editorial team and published every Thursday. The survey team includes about 20 analysts, some of whom are selected on a rotational basis.
About SZMEX (Shenzhen Mercantile Exchange)
Planned under germane rules and regulations Shenzhen Mercantile Exchange (SZMEX) is a self-regulated entity that is under the uniform regulation of the Chinese trading authorities. The Exchange earnestly accomplishes its functions as a front-line regulator, in a bid to create a safe, orderly and a highly efficient market mechanism as well as a market environment featuring openness, fairness and transparency. The Exchange is an efficient, transparent and all-inclusive internationalized futures exchange, with a five-year goal to establish itself as a leading exchange in Asia Pacific time zone with significant global influences on commodity futures, option and other derivatives.
SZMEX is known for using inventive and unique product development strategies for catering different customer needs. 
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