able to amend the agreement and start such business accordingly. To avoid the Conflict of Interest after the capital increase, the Company shall operate the crude palm oil (CPOA) trading business for
cultiver i.e., the co-operative farmer and a good relationship with the customer who will use crude palm oil (CPOA) trading business for biodiesel and edible oil which is the company who operate the
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
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
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
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
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the
from sale of biodiesel is increased by 130.54%, where the price of crude palm oil (main raw material) in the 3rd quarter of 2020 has an average price of 23,500 Baht/ton, which is higher than in the 3rd