Brief: Sasol Expects Pricing And Demand Volatility To Continue Through Remainder Of FY24

Sasol

23/10/2023 06:34

Oct 23 (Reuters) - Sasol Ltd  SOLJ.J :
    * EXPECT PRICING AND DEMAND VOLATILITY TO CONTINUE THROUGH
THE
REMAINDER OF FY24
    * PREVIOUSLY COMMUNICATED FY24 PRODUCTION AND SALES  VOLUME
GUIDANCE REMAIN INTACT FOR ALL REGIONS
    * FOR CHEMICALS BUSINESS, AVERAGE SALES BASKET PRICE FOR Q1
FY24
WAS  31% LOWER THAN Q1 FY23 AND 9% LOWER THAN Q4 FY23
    * SO PRODUCTION VOLUMES IN Q1 FY24 7% HIGHER THAN PRIOR YEAR
MAINLY DUE TO A PHASE SHUTDOWN
    * DESPITE CONTINUED MARKET HEADWINDS, Q1 FY24 TOTAL
CHEMICALS
SALES VOLUMES WERE 5% HIGHER THAN Q1 FY23
    * MINING PRODUCTIVITY FOR Q1 FY24 OF 1 025 T/CM/S, 9% HIGHER
THAN
PRIOR YEAR
    * OPERATIONAL CHALLENGES AT TRANSNET FREIGHT RAIL CONTINUED
TO 
IMPACT ON MINING EXPORT MARKET IN Q1 FY24

Source text for Eikon:  ID:nJseW0002a 
Further company coverage:  SOLJ.J 

 ((Reuters.Briefs@thomsonreuters.com;;))