spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there

Brent and Dubai spread (DTD/DB) in Q4/2019 on average increased by 0.30 $/BBL when compared to Q3/2019, due to the support received from the mounting demand of light crude in Asia, to prep for the

USD 12.82 per barrel in Q2/2018; the decline was due to the retracting finished product and crude oil crack spread for most products. Moreover, refinery business incurred an inventory loss of THB 107

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

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

Business Operation for 2Q/2018 Bangchak Corporation Plc. I 7 from the increment in crude oil price and improving crack spread of some products. In this quarter, crude oil price adjusted upward sharply, which

, decreased by 798 MTHB or 21.6% comparing to Q2 2019 due to the drastic decline in Ethylene price from ample supply and lower crude oil price, plus a result from lower sale volume as mentioned above. 2. In Q2

comparing to 2018 or 11.9% mostly due to soften Ethylene and Glycerin price from ample supply and lower crude oil price. Summary of Performance For Q1 2019, the Company and its subsidiaries recorded net

reinforced Dubai crude oil price to increase. Dated Brent and Dubai spread (DTD/DB) in Q3/2019 on average decline by 0.20 $/BBL when compared to Q3/2018, due to pressures from light crude supplies that has

, however, certain that Thailand and worldwide measures against spread of the COVID-19 will have adverse effects on the Company’s future revenues, operations and supply chains. The Company is taking several