Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and
demand. As a result of crude palm oil price drop, the company realized Stock Loss & NRV of THB 56 million, a decrease of 74%. However, the company has been improving the inventory management to be more
down by 0.2% to 3.5%. Furthermore, US crude oil stock has been increasing gradually, threatening the price of crude oil after crude production in the US reached their all-time high of 12.1 million
oil production reduction, which left the global OECD oil stock falling below its 5 year average. Dubai crude price in Q3/2018 on average increased by 2.15 $/BBL when compared to Q2/2018 which was due to
stock to dip below its 5 year average; greatly tightening the oil market. Dubai crude price in Q2/2018 on average increased by 8.11 $/BBL when compared to Q1/2018 is due to OPEC adjusting their production
oil price throughout the quarter, leading to an inventory loss. However, despite the refinery Hydrogen Production Unit and Hydrocracking Unit temporary shut down, refinery’s average crude run remained
drastically decreased from the same period of the previous year following the dip in Crude Palm Oil price, a result of the high Crude Palm Oil stock and rigid exportation of the product; due to Malaysia’s tax
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
affected by the year round global oil price fluctuation, especially in the last quarter which oil price plunged drastically. Moreover, the refinery recorded lower crude run due to its 45 days turnaround
buy and utilize crude palm oil as fuel for generating electricity. Moreover, the Ministry of Energy also promoted B20 diesel use, lowering the volume of domestic palm oil stock, therefore impacted the