be lower than expected due to weakness in MEG margins (high inventories and new capacity additions) and low ethane-ethylene spreads in USA. Indorama Ventures 1st Quarter 2019 MD&A 9 Specialty Chemicals
the fundamental shifts in the industry. Higher coal and secondary raw material prices, namely acetic acid and caustic soda, negatively impacted our cost of production. As PTA spreads continue to improve
the reduced Heavy Sour Crude supplies, after Iran was sanctioned by the US. Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 11 Crack Spreads Situation
Corporation Plc. Crack Spreads Situation (Unit: USD/BBL) Crack Spreads Q4/2016 Q3/2017 Q4/2017 YoY QoQ FY2016 AVG FY2017 AVG YoY AVG AVG MAX MIN AVG % % % UNL95/DB 14.59 16.10 15.52 12.08 14.42 -1% -10% 14.83
crude increased to the level of 12.85 million barrels per day in late 2019. 12 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Crack Spreads Situation (Unit
Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Crack Spreads Situation (Unit: $/BBL) Crack Spreads Q2/2020 Q1/2020 QoQ Q2/2019 YoY 6M 6M YoY MAX MIN AVG AVG +/- AVG
crude which provided high yield of Jet fuel and Diesel was left in a state of oversupply. 12 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | Crack Spreads
2Q2020 Airline Business Due to the outbreak of COVID-19 continually spreads and intensified which tremendously affect the airline industry. The Company decidedly concerned our operational activities to be
EBITDA margin in 2018 was 15%, down from 25% in 2017. The decline in earnings of the segment was due to normalization of IPA spreads compensated, to some extent, by higher volume. Core EBITDA in 4Q18 was
our credit management standards. Market Risk Management Market risk may arise from changes in interest rate, foreign exchange, equity and commodity prices, as well as credit spreads. These changes