Business Operation for 2Q/2018 Bangchak Corporation Plc. I 7 from the increment in crude oil price and improving crack spread of some products. In this quarter, crude oil price adjusted upward sharply, which

competition and a decrease in crude palm oil price regarding to supply glut. However, the company has been improving the inventory management to be more efficient since the second half of 2018, resulted to the

tons driven by theirs overwhelmed output. In the meantime, overall crude palm kernel oil demand is expected to be slow growth driven by the improving of consumer health concern trend and tariff barriers

decreased due to crude palm kernel oil price declined. However, the company could generate EBITDA at THB 282 million, increased by 257% driven by improving of market situation. The company had been impacted

% primarily from declining of methyl ester price following the soften of crude palm oil price and sharply decreasing of glycerine price in relation to ample glycerine supply, despite of improving of sales

. 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

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

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

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