by Gerhard Engelbrecht | Apr 3, 2020 | Chemicals
Spot earnings for FY21 dropped down to a loss of R14.74/share this week despite the increase in the oil price last night. The oil price increase is not reflected in published product prices and refining margins declined by 52.5% from last week. Petrol...
by Gerhard Engelbrecht | Mar 30, 2020 | Chemicals
Asian polymer prices steady: Asian polymer prices, reported this morning, are still holding up reasonably well as LDPE prices declined by 2.2% to $880/t, LLDPE prices declined by 1.8% to $785/t and polypropylene declined by 2.8% to $870/t.US prices also steady: US...
by Gerhard Engelbrecht | Mar 27, 2020 | Chemicals
Prices continue to trend lower driving spot earnings even lower. Sasol’s implied refining margins declined by 46% this week as petrol cracks turned negative with the current spot crack at -$4.56/bbl. Diesel cracks are holding up around...
by Gerhard Engelbrecht | Mar 23, 2020 | Chemicals
Asian polymer prices steady: Asian polymer prices, reported this morning, are still holding up reasonably well as LDPE prices remained flat at $900/t and LLDPE prices declined by 3.6% to $800/t. Polypropylene prices declined by 1.7% to $895/t.US...
by Gerhard Engelbrecht | Mar 20, 2020 | Chemicals
Key prices are moving rapidly lower continuing to drive Sasol’s spot earnings lower. Oil declined by a further 14% and refining margins are down 8.4%, mainly due to petrol cracks falling to around $2.50/bbl. Diesel cracks are holding up at around $12/bbl.While the...
by Gerhard Engelbrecht | Mar 18, 2020 | Chemicals
Sufficient liquidity: Sasol has sufficient liquidity to complete the capital spend on the LCCP as well as continue running the business. Available liquidity could be impacted slightly by the ability to place commercial paper in South Africa, however.Cost savings in...
