crackers maintenances and low Methanol-to-Olefins operating rate. Strong Ethylene demand derived from greater China’s consumption and higher Ethylene derivatives’ margin. Meanwhile, the hike in Glycerin
(difference between Methyl Ester selling price and feed cost) increased to 4.95 Baht/kg from 4.29 Baht/kg from quarter 2/2016, increased by 0.66 Baht/kg YoY, as a result of higher Methanol price (which is one
4.3 Baht/Kg mainly attributable to Methanol price (which is one of the factors in EPPO formula) which was higher in quarter 3/2017 than that in quarter 3/2016. However, Methanol price was lower than
improved to 4.93 THB/kg (up 5%yoy, up 3%qoq) from 4.70 THB/kg in 4Q16 and from 4.80 THB/kg in 3Q17 due to higher methanol price. as ME EPPO price formula was based on palm oil and methanol. Average Price
increased by 0.18 THB/kg yoy due to higher Methanol price which is a part of ME EPPO Price formula. On the qoq basis, EPPO P2F was flat. For 6M/2018 vs. 6M/2017, CPO price was declined due to increasing of
mainly resulted from the increasing Methanol price, calculated according to the ME EPPO price formula. Compared to 9M/2017, the CPO price in 9M2018 declined due to the increase of palm production and stock
the previous year and EPPO P2F in 4Q2018 improved from 4Q2017 by 0.29 Baht/kg. These were due to higher methanol price as it was a factor in EPPO price formula. On the other hand, EPPO P2F declined by
Baht/kg or 2%. The average EPPO P2F in 2Q/2019 (the difference between ME EPPO price and mixed feedstock prices) was at 4.84 Baht/kg, decreased by 0.29 Baht/kg or 6% from 2Q/2018 mainly because methanol
advantaged shale gas components of ethane, butane and methanol. With the acquisition of Spindletop’s (IVOX) MTBE assets in the US, IVL has a unique position in North America. Between the selling of MTBE and
mainly from higher methanol price in 1Q2018. Global Green Chemicals Public Company Limited Management’s Discussion and Analysis | 5 Fatty Alcohols Exhibit 4 : Products and Feedstocks’ prices Average Price