Pre-Trading Thoughts

CBE decided to stop working with the Inward Documentary Collection (IDC) in all importation transactions and to work with Letters of Credit (LC) instead; Import monitoring and higher database and FX efficiency is the reason Weekly Commodities Update Oil prices surged to USD95.80/bbl Retail cement prices in Egypt inched up, for the second week in a row, to range between EGP1,200 -1,250 per ton Thermal coal prices were unchanged at USD219/ton Diesel-HSFO spreads were up 3% WoW and are at USD350...