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

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

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

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

compared to Q4/2017, with respect to the increased demand for crude oil during the winter in Europe, leading to higher utilization rate amongst refineries in the region; driving up price of Dated Brent as

to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of

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

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

, Fatty Alcohols supply decreased as producers in some region had reduced their operating rates as well as the price of crude oil being feedstock for Synthetic Fatty Alcohols was rebounding compared to

crude in the region increased as preparations Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 9 are made for the production of low Sulphur fuel oil before