Pre-Trading Thoughts

Weekly Commodities Update Brent futures are trading at USD123.31/bbl and averaged USD92.29/bbl YTD Diesel-HSFO spreads were up 61% WoW and are at USD569/ton The Egypt Urea Index increased by 14% WoW and prices are currently at USD835/ton Steel/Iron Ore spreads hiked by 24% to USD542/ton LME 3M Fwd Aluminum prices came up 15% at USD3,849/ton Retail cement prices in Egypt followed the trend this week to range between EGP1,350 -1,400 per ton Coal FOB Newcastle Australia prices skyrocketed 75% co...