Analyse PTT Global Chemical Publ... de la part de marché pour novembre 2025

General Question How does PTTGC formed? PTTGC was formed through an amalgamation of PTT Chemical Public Company Limited “PTTCH” and PTT Aromatics and Refining Public Company Limited “PTTAR” on October 19, 2011. On October 21, 2014, PTTGC was listed on the Stock Exchange of Thailand and began trading publicly in the Stock Exchange of Thailand under the abbreviated name PTTGC in the category of petrochemical and chemical products. Relationship with PTT PTTGC is a member of PTT Group whereby PTT is a major shareholder, owning 45.18 %share. In term of business, PTT is our major feedstock supplier for both crude and gas feedstock. This has given PTTGC the stability of feedstock at attractive price. Also, PTT is our major offtaker, especially in Refinery Business Unit and Aromatics Business Unit. In addition, PTTGC is the principal petrochemical and chemical company for the PTT Group. (Petrochemical Flagship) What is the impact of volatility in crude oil price on PTTGC’s performance? Volatility in crude oil price has directly impacted on refinery business. In downward trend, crude oil intake today is inventory that the Company purchased in advance with higher cost. Therefore, it provides stock loss on refinery operation. In contrast to upward trend, crude oil intake today is inventory that the Company purchased in advance with lower cost. Therefore, the Company presumably receives stock gain. In order to manage risk from oil price fluctuation, crack spread hedging is significantly strategy that has been employed to resolve problem. However, the Company has to concern market situations and other circumstances before hedging. Besides, the continuously decrease of crude oil price also provide negative impact on petrochemical product price. On the other hand, the uptrend of crude oil price will be a good driver to push up the price of petrochemical product as well. The way of PTTGCs’ sustainab