crude oil price surged in the quarter, marketing margin soften; attributed to the retail service station prices were unable to adjust at the same pace as the rising fuel cost. In comparison with Q4/2018
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
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
remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing
%, since the Company has changed its Edible Oil Sales policy into Edible Oil refining service in 2017, where the Sales of Edible Oil in January were the Backlogs order from 2016. 2.2 Revenues from sales of
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
39,159 1.59 36,198 900 32,578 0.93 7,312 20.20 6,581 20.20 Edible Oil 23,340 1,622 37,866 1.54 - - - - 23,340 100.00 37,866 100.00 ** Total Produciton Service 66,850 1,152 77,025 3.13 36,198 900 32,578
39,159 1.59 36,198 900 32,578 0.93 7,312 20.20 6,581 20.20 Edible Oil 23,340 1,622 37,866 1.54 - - - - 23,340 100.00 37,866 100.00 ** Total Produciton Service 66,850 1,152 77,025 3.13 36,198 900 32,578
business to total revenue for the 2nd quarter of 2017 and 2016 were 73.44% and 75.58% respectively, which was effected by two factors; - Raw material price: the average price of Crude Palm Oil (CPO) in 2nd
39.00 million Baht or 1,270%. Although the Company will continue to manage controlling of inventories turnover to be less than 45 days. The Crude Palm Oil (“CPO”) price was fluctuated in the 1st quarter