government has announced various measurements ,which attributed to increasing of methyl ester and crude palm oil demand in Thailand. For natural fatty alcohols market, in 2Q/2019, it was better than 2Q/2018

synthetic fatty alcohols price due to the decreasing of crude palm kernel oil price situation. Meanwhile, supply from natural fatty alcohols and synthetic fatty alcohols were tight which were impacted by the

oil price in 4Q2019. While, natural fatty alcohols price was unable to catch up crude palm kernel oil price immediately, in addition to plunged price of Short Chain alcohols despite of lower in coconut

(EGAT) to purchase the rest of 130,000 tons of crude palm oil to be used as electricity. For natural fatty alcohols market in 3Q/2019, the demand was slow down which was affected from US China trade war

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

recorded an increased revenue coinciding with global crude oil price, leading to increased gross profit, but saw production and sales volume decrease according to the Natural Decline Curve. There was also

following global crude oil price movement, led to an improvement of gross profit. However, production and sales volume decreased according to the Natural decline curve. In this quarter, there was a loss from

from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging

tight supply from shutdown of some Natural Fatty Alcohols producers in China and India in avoidance of risk during volatile crude palm kernel oil price. With this opportunity, the company ramped up our

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