Polish Orlen’s petchem margin hit 2011 low in Dec
03 January 2012 10:50 [Source: ICIS news]
LONDON (ICIS)--PKN Orlen’s model petrochemical margin sank to €573/tonne ($744.2/tonne) in December from €614/tonne in November, the Polish refining, chemicals and petrochemicals group said on Tuesday.
The margin was the lowest monthly figure recorded throughout 2011, Orlen added.
The peak margin seen during the year was €821/tonne in May – after which, the figure declined month by month.
Orlen said the margin is sensitive to economic sentiment in its key petrochemical export markets, including Germany.
($1 = €0.77)
By: Will Conroy
+44 20 8652 3214
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