by Gerhard Engelbrecht | May 22, 2020 | Chemicals
Rebounding in oil prices, a recovery in refining margins and small increases in chemical prices had a significant impact on Sasol’s spot earnings and we now estimate a loss of R13.12/share for FY21.Ethylene prices in Asia continue to increase on slightly higher...
by Gerhard Engelbrecht | May 20, 2020 | Chemicals
Fuel prices higher: Oil prices as well as refining margins have increased significantly since we published our review of Sasol’s liquidity at the end of April (link). Sasol’s petrol and diesel prices in rands have increased by 73.2% and 90.8%,...
by Gerhard Engelbrecht | May 15, 2020 | Chemicals
Spot prices still point to heavy losses in FY21 (R25.09). Key drivers remain the low oil price, compounded by weak crack spreads. All chemical prices are lower than our expectations.Refining margins are higher and approaching zero, but diesel cracks remain...
by Gerhard Engelbrecht | May 8, 2020 | Chemicals
Spot prices still point to heavy losses in FY21 (R27.74/share). Key drivers remain the low oil price compounded by negative crack spreads. All chemical prices are lower than our expectations.Oil prices and refining margins increased in the last week, but...
by Gerhard Engelbrecht | Apr 28, 2020 | Chemicals
Price weakness: Many of Sasol’s product prices are at multiyear lows, impacted by lower oil prices and broad demand destruction.Fuel prices: Sasol’s fuel prices in South Africa have declined to the lowest levels since 2005 as oil prices declined and...
by Gerhard Engelbrecht | Apr 24, 2020 | Chemicals
At spot prices Sasol’s losses deepen and we now estimate the company will earn a large loss in 2H20 with a full year loss of R5.84/share. The loss in FY21 increases to R36.99/share. Large losses on currency, ethane and oil hedges contribute to the loss in...
