by rising of its output while demand of crude palm kernel oil for edible oils and oleo chemicals was not growing that much. Natural fatty alcohols in 2Q/2019 has shown steady demand compared to 2Q/2018
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
steady reduction of Fuel Oil exports as a result of the US sanction. Even with the US lifting its sanction on Iran’s 8 trade partners, and the volume of Heavy Crude disappearing from OPEC’s production
39.00 million Baht or 1,270%. Although the Company will continue to manage controlling of inventories turnover to be less than 45 days. The Crude Palm Oil (“CPO”) price was fluctuated in the 1st quarter
segment of IVL was adversely impacted due to steeply lower crude oil price impacting margins of MTBE & Int. EG as shale gas lost its advantage against naphtha based producers. • Mobility & Lifestyle Fibers
% due to sales orders and cost of goods sold have been decreased and controlled inventories turnover to be less than 45 days. Also, the Crude Palm Oil (“CPO”) price was fluctuated in 2018 (in range of 7
lower crude oil prices. • Hygiene fibers improved with better demand and stronger outlook. Lifestyle and Mobility Fibers improved in early part of the year though felt the headwinds in March 2020 from
price lag in HVA fibers and normalizing IPA margins. Production increased 14% YoY to 2.7 million tons especially from new assets in Brazil and Portugal. Higher crude oil prices and raw material cost
| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record