around US$2.2B in Mar21 and operating cash flow of US$201M in 1Q21, IVL is well positioned. During the quarter, net debt reduced by US$148M with improved performance. Our net operating debt to equity has

$/BBL, supported by arbitrages made from the Asian region to the European side is still feasible even with freight cost at a high level, but pressured from increased export quotas from China in the third

positioned as a manufacturer in this level. (3) Small size manufacturers have sales of less than Baht 300 million per year, most of them are small producers with production capacity and quality production is