). Total Gross Refinery Margin (Total GRM) rose 67% YoY and 26% QoQ, while Market GRM lowered from the decreasing production volume. Moreover, the average crude price adjusted upward in the quarter, leading
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
Rule”). Currently, the Company focus on the business expansion of the crude palm oil (CPOA) trading business for biodiesel as there is a high potential growth and will partially conducting a trading CPOA
Countervailing of Foreign Products Act, B.E. 2562 (A.D. 2019) with the additional provision relating to anti-dumping and countervailing measurement which will be officially effective in 180 days from the
company effective on 1 January 2020 onwards, resulting in reduced consultant service expenses of approximately THB 4.5 million. 2) Reduced financial advisory and legal consultant service expenses amounting
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we
(A.D. 2019) with the additional provision relating to anti-dumping and countervailing measurement which will be officially effective in 180 days from the announcement date of the Government Gazette or
we still foresee that other measures i.e. Anti-Dumping is still valid until 2020. Recently the Anti-Circumvention law is just approved and will be effective in the next 6 months. This will be the first
not affect HRC price as we still foresee that other measures i.e. Anti-Dumping is still valid until 2020. Recently the Anti-Circumvention law is just approved and will be effective in the next 6 months