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...
by Gerhard Engelbrecht | Mar 17, 2020 | Chemicals
Sasol published an action plan to protect its balance sheet and also re position the company to withstand lower oil prices for longer. The company is targeting to generate $6bn by the end of FY21, much higher than our earlier estimate of $5bn. Key...
by Gerhard Engelbrecht | Mar 16, 2020 | Chemicals
Petrochemical prices: Petrochemical prices are usually published early on a Monday morning. Petrochemical prices for last week were reported lower following the decline in the oil price of the previous week. Asian ethylene prices declined by almost...
