by Gerhard Engelbrecht | Jul 24, 2020 | Chemicals
Sasol’s spot earnings continue to rise this week as the oil prices moved higher. Crack spreads continue to fall however. Spot earnings for FY21 are at R9.00/share and at spot prices the LCCP earns a loss of R4.63/share.Polymer prices continue to advance in...
by Gerhard Engelbrecht | Jul 23, 2020 | Chemicals
Volumes generally lower: Sasol’s volumes in 4Q and the full year were generally lower due to COVID-19 lockdowns in several countries.Sasol Mining: Production and internal sales volumes in FY20 in the division were unchanged from last year despite the...
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...
