by Gerhard Engelbrecht | Jul 17, 2020 | Chemicals
Sasol’s spot earnings are slightly higher this week as the oil prices moved higher. Crack spreads were lower, however. Spot earnings for FY21 are at R8.69/share and at spot prices the LCCP earns a loss of R4.31/share.Polyethylene prices were higher in...
by Gerhard Engelbrecht | Jul 13, 2020 | Chemicals
Large asset for sale: Sasol has indicated that it is far advanced in the sale of its 50% share in Rompco, the company that owns the pipeline that transports gas from Mozambique to Sasol’s site in Secunda.Key to feedstock delivery: Rompco transports almost...
by Gerhard Engelbrecht | Jul 10, 2020 | Chemicals
Sasol’s spot earnings are lower this week, mainly due to a stronger R/$ exchange rate as well as a lower oil price. Spot earnings for FY21 are at R7.93/share with earnings for FY21 falling back into a loss.Chemical prices were generally flat in Asia but US...
by Gerhard Engelbrecht | Jul 3, 2020 | Chemicals
Oil prices and refining margins moved higher this week. Spot earnings for FY21 were however lower following our earnings adjustment on FY20 closing rates. We now expect lower mark to market hedge losses in FY20 but lower gains in FY21 (link).Chemical...
by Gerhard Engelbrecht | Jul 3, 2020 | Chemicals
Higher and lower earnings: We have adjusted our HEPS estimates to reflect the closing exchange rates and oil prices at FY20 balance sheet date. We now expect earnings of R5.80/share in FY20 compared to a loss of R6.86/share previously. Our FY21...
by Gerhard Engelbrecht | Jun 26, 2020 | Chemicals
Oil prices and refining margins moved lower this week and the rand is also stronger. Spot earnings for FY21 were sharply lower at R8.27/share as a result.Chemical prices were higher however and Asian ethylene prices continue its upward march and polyethylene...
