hand, crude price during Q1/2018 retracted, which led to lower product cost, resulting in higher marketing margin. Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak

revenue of fatty alcohol business increased by 9% from 3Q2019, mostly due to significantly rising of sales volume of fatty alcohols by 5%. On the other hand, crude palm kernel oil price considerably

crude palm kernel oil price falling. On the other hand, fatty alcohols supply was much tight because of the announcement of permanent shutdown of a synthetic fatty alcohols plant in Europe and temporary

and its subsidiaries recorded total EBITDA of THB 2,514 million (-38% YoY, -38% QoQ), the performance softened, especially for Refinery Business, which was affected by the continuously lowering crude

retail marketing margin. On the other hand, Q4/2017 was a period that crude oil rose consistently, while there were time mismatch in retail price adjustment. As well as, in Q4/2017 the company discounted

by 9% from 3Q/2018. On the other hand, it decreased from 2Q/2019 by 16% because the market had concerned on global economy uncertainty. In summary, market for 9M/2019 versus 9M/2018, crude palm kernel

% comparing to the same period last year due to the rising of the commodity prices and especially crude oil price that increased around 12.68% comparing to the same period last year. 3. Better conversion cost

year due to the rising of crude oil price that increased around 21.48% comparing to the same period last year, as well as the production slowdown of several steel mills and smelting works in China

year. Most raw material prices increased following the rising of crude oil price that increased around 41.03% comparing to the same period last year, as well as the production slowdown of several steel

costs around 236.62 million baht or 8.19% comparing to last year. Most raw material prices increased following the rising of crude oil price that increased around 29.77% comparing to last year as well as