volume was 1,417 million liters (+3% YoY, -6% QoQ), majority of the decrease in sales volume can be attributed to industrial market sales which was at low season, and the start of monsoon season led to
for Biofuel Business, performance declined from crude palm oil price drop which led to inventory loss. In the quarter, the company and its subsidiaries realized inventory loss of THB 1,096 million, and
production rate was 104.3 KBD or 87% utilization rate of the total refinery production capacity. Also, due to significant declines in crude oil price during this quarter, the refinery business was led to
expanding business, Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 4 thus incurring high initial selling, general, and administrative expenses, which led to a
decline of 6.14 $/BBL or 10% compared to previous year. This has led to performance from 2018 to 2019 of the refinery industry, including the company’s, to decline. In 2019, the company and its subsidiaries
by the palm oil price situation in the country which remains low. Moreover, the domestic production capacity increased by 1.20 million litres per day from the same period of the previous year, led to
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
, coupled with high excess production capacity, resulted in a contraction in private investment. However, public spending continued to grow from current expenditure through disbursals for public health
refineries experiencing difficulties such as the refineries in Vietnam and the Philippines, which led to a reduction of excess supplies. Moreover, demand for low Sulphur diesel rose as preparations were being
cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management