/kg, decreasing by 3.93 Baht/kg or 19% due to high level of crude palm oil inventory and rising of crude palm oil output continuously. Consequently, methyl ester price in Global Green Chemicals Public
of year 2019 to the level of 300,000 tons, which was due to the lower palm oil output at the end of 2019 and the higher crude palm oil (CPO) demand. It was the result of the government’s measures
, crude palm oil price was dropped to 16. 71 Baht/ kg, a decrease of 3. 74 Baht/ kg or 18% due to high level of crude palm oil inventory and rising of crude palm oil output. Consequently, methyl ester price
. Total GRM increased by 5% YoY and 17% QoQ from the improved Market GRM that rose due to significant increase of production after the turnaround maintenance (TAM) , combined with crude cost that benefited
). 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
Oil price; Crude Palm Oil stock remains high. Management Discussion and Analysis of Business Operation for 1Q/2018 Bangchak Corporation Plc. I 16 3. Gross profit adjusted upward from raw material cost
of 0.96 THB. The company and its subsidiaries recorded total EBITDA of THB 3,580 million (+28% YoY, +42% QoQ), performance improved, especially for the Refinery Business, of which average crude run
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
parallel with crude palm oil price. Gross profit from biodiesel business was higher from the growth in sales volume, as well as the capability to procure raw material and manage inventory better than last
Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 1Q2019, palm oil production and crude palm oil (CPO) inventory have remained high in both