by Gerhard Engelbrecht | Jun 25, 2021 | Chemicals
Spot earnings remains flat this week at around R53.7/share for FY22. There is an additional R4.50/share of upside to spot earnings if US chemical prices maintain the current premium to Asian prices. Chemical prices continue to trend lower in Asia with...
by Gerhard Engelbrecht | Jun 18, 2021 | Chemicals
This week spot earnings are slightly higher as a weaker rand, higher oil prices and refining margins offset lower chemical prices. Crack spreads remain in low but have been steady in recent weeks.Chemical prices continue to fall in Asia and monomer prices have...
by Gerhard Engelbrecht | Jun 15, 2021 | Chemicals
Diverging chemical prices: US and Asian chemical prices are diverging, and US prices are around $600/t higher than Asian prices, the highest since the start of our data series in the early 2000s. Margins are also diverging: Higher oil and naphtha...
by Gerhard Engelbrecht | Jun 11, 2021 | Chemicals
Spot earnings were lower this week and FY22E earnings are at R51.44/share. Oil prices and refining margins were higher but chemical prices lower. We have included Sasol’s recent oil hedges in our spot earnings estimates as well as the sensitivity...
by Gerhard Engelbrecht | Jun 4, 2021 | Chemicals
Spot earnings remain flat as higher oil price and refining margins are offset by lower chemical prices. FY22 spot earnings are at R52.30/share.Around 12% of the upside to spot earnings in FY22 arise from higher chemical prices. Chemical prices in Asia declined...
by Gerhard Engelbrecht | May 28, 2021 | Chemicals
Spot earnings were flat this week as a higher oil price offset the stronger rand, lower refining margins and lower chemical prices. FY22 spot are at R52.30/share.Around 17% of the upside in spot earnings in FY22 arise from higher chemical prices. Chemical prices...
