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CITIC Securities research note says it remains strongly positive on Chinese-made gas turbines exporting overseas. Demand: Siemens Energy raised its multi-year annual gas-turbine demand estimate to about 110–120 GW (from 90–100 GW) on its latest call

2026-07-07

CITIC Securities research note says it remains strongly positive on Chinese-made gas turbines exporting overseas. Demand: Siemens Energy raised its multi-year annual gas-turbine demand estimate to about 110–120 GW (from 90–100 GW) on its latest call and reported no sign of demand slowing. Supply: Siemens described industry capacity additions as measured and said industrial gas-turbine expansion will not correct the supply–demand imbalance; over the medium term capacity, efficiency and life‑cycle cost matter more than short‑term availability, and industrial units cannot substitute for large-frame gas turbines. Siemens also flagged short lead-times as a scarce, premium-paying resource for data-center and hyperscale cloud projects. CITIC says recent price/volume pullbacks do not change the medium-term tight balance in the gas-turbine market.

Other News
2026-07-06

U.S. 6-month Treasury auction to July 6: percentage of awards at the stop-out yield 0.86%, prior 96.12%.

U.S. 6-month Treasury auction to July 6: percentage of awards at the stop-out yield 0.86%, prior 96.12%.
2026-07-07

New York gold futures fell below $4,150 per ounce, down 0.42% on the day.

New York gold futures fell below $4,150 per ounce, down 0.42% on the day.
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