PTT Group Financial and Strategic Insights
Key Business Drivers:
Increased in most of petroleum and petrochemical prices due to demand recovery resulted from easing of lockdown
and vaccines rollout
AVG. Petroleum Prices ($/bbl)
૨૦૧
YOY
AVG. NG Prices ($/MMBTU)
૨૦૦
JLC-LNG**
32%
JKM*
2021 vs 2020
▲ >100%
32%
89%
>100%
Avg. Pool
19%
35.1
43%
>100%
5%
YOY
ptt
Dubai
FO 3.5%
9%
5%
36
76%
62%
100
32
2021 vs 2020
64%
63%
83.5 Dubai
78.4
880
28
76.1
71.7
66.9
FO
24
60.0
25.9 JKM Spot*
60
(3.5%)
60
50.7
44.6
71.5
20
18.6
68.3
42.9
61.1
30.6
56.6
16
10.1
13.5
40
40
JLC-LNG**
44.1
12
9.4
10.0
10.2
20
43.4
20
9.1
40.4
8.0
8.4
8.5
8.14
28.9
8
7.23
6.79
6.84
Avg. Pooled
6.3
6.3
6.36
gas price
2020 Dubai avg.: 42.2
2021 Dubai avg.: 6912
4
3.6
6.20
2.1
5.68
5.89
3.6
0
1Q20 2Q20
0
* JKM = Japan Korea Marker **JLC = Japan LNG Cocktail: Landed LNG price in Japan
3Q20
4Q20
1Q21
2Q21
3Q21 4Q21
Jan'22
1Q20 2Q20 3Q20
4Q20
1Q21
2Q21
3Q21
4Q21 Jan'22
Petrochemical Prices (Avg. $/ton)
AVG. FX (THB/USD)
PP
HDPE
PX
BZ
Naphtha
૨૦૦
YOY
7%
10%
3%
5%
10%
35
17%
25% 59%
79%
▲ 83%
2020 (end FX 30.2)
End: Baht Appre.
Bt 0.1 or 0.3%
2021 (end FX 33.6)
End: Baht Depre.
Bt 3.4 or 11.3%
1600
2021 vs 2020
33%
34% 49%
88%
▲ 70%
34
1,338
1,335
33.6
33.1
33.4
1,365
1300
1,250
1,304 PP
4020 (end FX 30.2)
1,252
1,142
1,145
1,191
1,138
1231 HDPE
333
33
End: Baht Appre.
986
32.1
Bt 1.6 or 5.0%
968
966
993
1000
1,000
871
945
996 BZ
32
839
859
919
963 PX
31.5
31.5
31.5
919
893
4021 (end FX 33.6)
End: Baht Appre.
Bt 0.5 or 1.5%
766
760
745
700
706
676
770 Naphtha
606
31
614
496
546
561
753
30.8
30.4
371
427
529
557
3021 (end FX 34.1)
End: Baht Depre.
Bt 1.9 or 5.9%
400
440
30
408
397
274
100
Note: Figures are average & Naphtha (MOP)
2020 Avg. 31.5 / End: 30:2
29
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21
4Q21 Jan'22
1Q20
2Q20
3Q20
2021 Avg. : 32.2 / End : 33.6
4Q20
1Q21
2Q21
3Q21
4Q21
Jan'22
80View entire presentation