growth for the 100% recyclable PET and polyester and the new demand for PTA following China’s decision to discontinue the import of recycled PET. Going forward, we do not foresee any new meaningful PTA and
China’s ban of waste plastics and onwards demand for polyester products and expansion in PET demand due to its unique recyclability and sustainable manufacturing footprint as compared to other packaging
volume dropped significantly as a result of China’s lockdown. Moreover, the COVID-19 outbreak considerably affected the economies of trading partners and brought about supply chain disruptions. Domestic
major bounce back from the lows of 2020, reaching a high of over US$65 in March 2021. Led by China, consumer demand is booming and commodities are experiencing what some even call a super cycle, which in
trading partners including the US, Europe, and China, whose rate of economic growth, while lower than in previous years, is now expected to exceed previous forecasts. At the same time, the pace of public
, and China’s increasing export after ending their tax program to stimulate car sales for this year. The Mogas/Dubai crack spread (UNL95/DB) decreased by 0.73 $/BBL compared to the averaged 14.42 $/BBL in
per unit. Moreover, BCP Trading’ s sales volume rose, and there was an additional revenue realization from the Ethanol business after the business amalgamation in Q4/2017. Management Discussion and
China. Gasoline-Dubai crack spread (UNL95/DB), Jet (Kerosene)-Dubai crack spread (IK/DB), and Gasoline-Dubai crack spread (GO/DB) were especially affected. This turn of events have led the refinery
the protracted US-China trade negotiations and concerns over Brexit risks. For the final quarter of this year, a brighter outlook seems to be in store for the Thai economy, thanks to the government’s