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and its subsidiaries recorded total EBITDA of THB 2,514 million (-38% YoY, -38% QoQ), the performance softened, especially for Refinery Business, which was affected by the continuously lowering crude
announced to change the mixture from 5% to 7%) 3. Gross profit increased from the declining price of crude palm oil, due to weather conditions that was accommodating oil palm production, which led to an
still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline
compared to Q3/2016 adjusted upward by 7.25 $/BBL in regards to policy change made by OPEC members, from increasing market shares, to a joint decision with non-member countries to reduce crude production
as the crude oil price and oil product price was higher. Other long term investment decreased by THB 1,917 million, primarily from the change in net fair value changes in available- for- sale
effect of the widened Crude premium over Dubai, as well as the lowered oil product spread over crude oil price. There was an Inventory Loss of THB 70 million, and GRM hedging loss. Marketing Business Group
market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a
Steel Public Company Limited Page 9/14 5. Industry Overview and Outlook Overview of World Steel Industry According to the World Steel Association’s report on world crude steel production was 478.7 MT in
the World Steel Association’s report on world crude steel production was 481million tons in the second-quarter of 2019 and accumulated world crude steel production in the first half of 2019 was 925.1