Pre-Trading Thoughts

Indian chemicals producer TCI Sanmar has plans to invest an additional USD300 million into its Egypt operations. Feedgas deliveries to the Damietta and Idku liquefaction plants have been recently increasing, with unnamed sources telling Bloomberg that Egypt could export its first LNG shipment from Idku within a year. A delegation from the Investment Ministry will meet with EU representatives to discuss the EU's recently announced temporary 15.6% dumping duties on Egyptian steel exports. The M...