businesses were offset by sharp decline in Specialty Chemicals margins. Annual production was 11 million tons (+20% YoY), mainly driven by contribution from our acquisitions in 2018 and consolidation of
sharp rise in crude oil prices. The segment achieved Reported EBITDA of US$379M largely due to positive impact from adjustments in contracts and inventory. Global demand for PET has risen significantly
IVL as a whole in 2019. o Sharp decline in crude prices (high of $ 83/bbl in 3Q18 versus low of 54/bbl in 4Q18) as we entered in to the weak season led to accelerated destocking in the integrated PET
- denominated debt. Economic Outlook for 2020 In 2020, Thailand’s economic growth will likely slow to the range of 1.9 - 2.3 percent on account of several challenges. External factors include a sharp drop in
) expects the Thai economy to contract by 6.7 percent. The main factors driving the economic downturn are the contraction in exports of services, predominantly tourism revenues following the sharp fall in the
and operate business within appropriate risk limits under normal and stress scenarios. Emphasizing efficient and timely risk management to cope with economic fluctuations, especially amid mounting
travel and air freights. Jet (Kerosene) and Dubai crack spread ( IK/DB) declined by 4.49 $/BBL compared to the 12.95 $/BBL averaged in Q1/2019. This is due to pressure from mounting supplies as
the COVID-19 crisis that has spread across various countries in the world. This has caused crude oil price in the global market to sharp deteriorate since late Q1/2020 continuing into Q2/2020
sharp contraction in the first quarter of 2020 as economic activity was crippled due to efforts to control the spread of COVID-19. The World Economic Outlook of the International Monetary Fund estimated