by Rowan Goeller | Apr 6, 2020 | Chemicals
Asian polymer prices lower: Asian polymer prices, reported this morning, moved sharply lower and only PVC prices did not decline. LDPE prices were 5% lower at $840/t while LLDPE prices declined 13% to $680/t. Polypropylene prices were 8% lower at $800/tUS prices...
by Rowan Goeller | 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 Rowan Goeller | 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 Rowan Goeller | 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 Rowan Goeller | 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 Rowan Goeller | 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...
