refinery margin increased by THB 22 Million (+1%) when compared to the same period of the previous year, as a result of an upward adjustment of crack spread between various finished products and crude oil
from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging
tried to minimize the risks that might incur from the uncertain spread of COVID-19 outside Thailand and the stringent housing loan approval policies adopted by the financial institutions. MK gave its
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
under the ICUK’s operation amounted to THB 202 million comprising of the UK sales and outside-UK sales in the proportion of 50:50 respectively. 2 Gross profits and gross profits margin For the period
reduced Market GRM, following the decline in refinery production volume due to the TAM, as well as a decrease in average Gasoline/Dubai crack spread and Fuel oil/Dubai crack spread, and the rise in crude
2.87 $/BBL, the refining margin still remains on the low side due to the crack spread of finished product and reference crude oil price declining significantly. A result of severe drop in demand for fuel
Gross Refinery Margin (Total GRM) declined THB 971 million compared to 2018, mainly due to the following reasons: Operating GRM decreased THB 1,682 million compared to 2018. Mainly from the crack spread
sales volumes plus greater main raw material costs from higher crude oil price and tight market supply. However, the overall spread margin was improved and bring 23.9% gross profit margin comparing to
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