The reason is articulated in the article below from our partners at the Wall Street Journal. Sasol said that the cash proceeds from the transaction received on 31 December 2020 will be used to repay its near-term debt obligations. Contact Client Success on clientsuccess@icis.com . Speak to ICIS Retail fertilizer prices were higher across the board for the third week of December 2020. The farmers, assisted by TAU SA, had since 2009 been claiming compensation from Sasol for the company’s confirmed fixing of fertiliser prices between 1996 and 2004. Sasol slumps as lower oil prices, virus crimp full-year profit. The V recover looks very strong and perhaps enough trejoctory could lead us above R 120. Contact Client Success on clientsuccess@icis.com . Company profile page for Sasol Ltd including stock price, company news, press releases, executives, board members, and contact information On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.38/lb.N and UAN32 $0.40/lb.N. Over the years Sasol Limited has redefined the ways of doing business in Basic Materials. Sasol’s share price is set for a strong session on the JSE today after the ADRs listed on the New York Stock Exchange jumped 5% at one point before closing 3% higher last night. Price trends tend to persist, so it's worth looking at them when it comes to a share like Sasol. Fertilizer Management and Optimization Software - Pretoria. How to buy shares in Sasol… Vote 4 Senzo Tanaka is your Shidoshi 10 months ago Over many years the Wax Division of Performance Chemicals has developed its expertise to produce and develop unique speciality waxes for a diverse range of industries. Sasol Limited is an oil & gas integrated business based in the US. Sasol has been among the hardest-hit companies in recent weeks as the spread of the virus has disrupted global markets and oil prices plunged after Saudi Arabia and Russia engaged in a price war. DAP is 2% lower, 10-34-0 is 3% less expensive, urea is 11% lower, potash 13% less expensive, UAN32 14% lower and both anhydrous and UAN28 are 17% less expensive from last year at this time. South Africa's Sasol will pay a higher fine than initially agreed with competition authorities after it admitted to additional charges in a fertiliser price fixing case, the firm said on Tuesday. Sasol employs 30,670 staff and has a market cap (total outstanding shares value) of USD$5.7 billion. What are Porter Five (5) Forces Get the latest Sasol Ltd. (SSL) stock news and headlines to help you in your trading and investing decisions. Fuel and chemicals giant Sasol’s sale of assets to rein in debt took another step forward with the finalisation of its $404m (R5.9bn) disposal of its … Sasol Limited (NYSE:SSL) rose 6.1% on Tuesday . Fertilizer producers are next in line to benefit from rising crop prices, with farmers poised to plant more acres in 2021. Sasol Limited is one of the leading firms in the Major Integrated Oil & Gas. With a lake Charles purchase confirmed, this could lead to a bit more positive trading day for Sasol this coming week. Sasol Limited (JSE:SOL) share price details. We offer solutions suited to almost all production processes. Sasol Limited is listed at New York Stock Exchange (NYSE) and have a market cap 18.44B USD. LATEST ARTICLES. “Investors are worried that the lower oil price means that Sasol will breach its debt covenants,” he said. On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.37/lb.N and UAN32 $0.39/lb.N. Sasol Group Investor Tip The live online stocks chart shows that Sasol share price hit a record high of R652.99 in 2014, but this was followed by a dramatic plunge to around R400 a few months later, following the implementation of a new operating model. Stock analysis for Sasol Ltd (SOL:Johannesburg) including stock price, stock chart, company news, key statistics, fundamentals and company profile. SSL has been the subject of several research […] Sasol shares (SSL) are listed on the NYSE and all prices are listed in US Dollars. Sasol slumps as lower oil prices, virus crimp full-year profit High debt levels and falling oil prices weigh. Sasol and the Competition Commission said in separate statements that the petrochemicals group would now pay 250.68 million rand ($29.63 million) as a penalty for fixing prices … At the current price of $9.73, shares in Sasol are trading at 39.87% against their 200 day moving average. Absa PMI declines further in December 8 Jan 2021 / Alexander Winning, Reuters Domestic fertilizer prices were mixed in November, ranging from unchanged for ammonia and UAN to sharply higher for urea, phosphates and potash. Gauteng. The lower oil price, which was down about 20% from Friday, would put Sasol’s balance sheet under pressure, analyst Seleho Tsatsi of Anchor Capital said. Sasol has had 3 rebounds at the R120 share price and seems to be fighting back for recover. Speak to ICIS A plunge in commodity prices has left Sasol share price vulnerable and exposed to a volatile market, making the shares an unpopular buy of late. Contact sales. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. Sasol has a better chance of taking the Saudi oil minister to Teasers, get him drunk and ask him to cut the supply of oil to get the price back up. Approximately 678,021 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 2,384,408 shares. Sasol is a South Africa-based international integrated energy and chemicals company. Sasol, an international integrated Chemicals and Energy Company is a leading supplier of Wax with a wide range of Fischer Tropsch Hard Wax,Fischer Tropsch Medium Wax,Fully Refined Paraffin Wax,Hydrocarbon Wax,Low Melt Wax,Microcrystalline Wax,n-Paraffins,Petroleum Jelly,Semi Refined Paraffin Wax,Synthetic Wax,Wax Emulsion,Petrolatum,Slack Wax Hydrotreated, and Scale Wax … The stock had previously closed at $8.69. Three fertilizers were up a significant amount, which DTN designates as 5% or more. 22 May 2020 / Tanisha Heiberg, Reuters . MAP is less than 1% higher compared to last year with its recent higher prices. Fertilizer prices are projected to increase modestly by 3% in 2021, according to the October 2020 edition of the World Bank’s Commodity Markets Outlook. The platform enables growers to manage fertilizer utilization, in any conditions and for any fertilizers, taking into account the multiple factors required in optimizing fertilizer use… Low Oil Prices Keep Sasol on the Defensive ... Base chemical sales fell by nearly 8%, with steep declines in fertilizer and polymer sales outweighing slight gains … By Tanisha Heiberg, Reuters 22 May 2020 09:54 15 Eshkol St. Hod Hasharon, Centurion. Contact sales. The stock traded as high as $9.26 and last traded at $9.22. It’s the second week in a row that all eight major fertilizers were higher than the previous month. Pretoria. Sasol breaks even at $35 a barrel – and oil is now at $36. Over the past six months, the relative strength of its shares against the market has been 3.49%. 0157. Retail fertilizer prices continue to be mostly lower in price from a year ago, but there is one exception. 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