recorded at THB 2,181 million, decreased by 34% YoY, mainly attributed to the refinery business’s Total GRM of 3.49 $/BBL, compared to Q1/2018’s 6.37 $/BBL. The decline was brought about by most of the
was an additional gain from GRM Hedging. Executive Summary 4 | Management Discussion and Analysis of Business Operation for the year 2017 Bangchak Corporation Plc. Marketing Business Group, recorded the
a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and
(+0.11 USD/BBL YoY, -0.69 USD/BBL QoQ), even though the gross refinery margin was adversely affected by the shutdown which mentioned before, but GRM was benefited from the narrowing Dated Brent / Dubai
. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD
production of 123 KBD in March. Also, after the completion of the TAM, Bangchak refinery was able to consistently maintain high levels of production throughout the year. Total GRM decreased 32%, from the
business to record a lower market gross refinery margin (GRM) compared to Q2/2018. However, market GRM (Restate) 7/ Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation
performance from each business group as follow: Performance of the Refinery and Oil Trading Business Group recorded a significant improvements in Operating GRM from the previous quarter, due to the increment of
Refinery Margin at the low level, following the global oil demand declining. This quarter recorded Operating GRM of 3.93 $/BBL, which improved from the previous quarter. Due to the loss of oil demand during
ขณะที่ส่วนต่ำงรำคำ น้ ำมันส ำเร็จรูปและน้ ำมันดิบอ้ำงอิงบำงผลิตภัณฑ์ปรับตัวลดลง ในไตรมำสนี้รับรู้ Inventory Loss 70 ล้ำนบำท และยังมีผล ขำดทุนจำกสัญญำซื้อขำยน้ ำมันดิบและผลิตภัณฑ์น้ ำมันล่วงหน้ำ (GRM