of HRC in 2nd Quarter of 2018 was THB 20,702/ton, increased by 19% as compared with last year quarter (THB 17,403/ton) according to HRC market price worldwide trend. - HRC cash margin (excluding

Analysis | 2 Executive Summary In 2Q2018, Domestic palm oil production has increased as well as in other countries, consequence to lower Crude Palm Oil (CPO) prices and Crude Palm Kernel Oil (CPKO) prices

Crude Oil from other country and also support stability of the power business of Thailand. The Company contemplates to expand its business to cover crude palm oil (CPOA) trading business for biodiesel and

came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high

overall selling price decrease, especially for Caustic Soda due to the fall of its market price trend, plus impact from appreciation of Thai Baht against US Dollar. However, those negative impacts were

Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude

segment of IVL was adversely impacted due to steeply lower crude oil price impacting margins of MTBE & Int. EG as shale gas lost its advantage against naphtha based producers. • Mobility & Lifestyle Fibers

actions in order to continue its business as normal. - The steel business is considered as the upward trend and strong demand for Thailand which is in line with economic growth. The Company therefore need

and able to proceed necessary actions in order to continue its business as normal. - The steel business is considered as the upward trend and strong demand for Thailand which is in line with economic

China and East Asia. Steel consumption in China had risen for 11.3% in the first 8 months of 2017 resulted in a drop in China’s steel export. Rising trend in prices of flat steel in East Asia in Q3/2017