Unipetrol records further falls in petchem margins

05 January 2012 12:41  [Source: ICIS news]

LONDON (ICIS)--Czech petrochemical producer Unipetrol's model olefin margin declined to €236/tonne ($306/tonne) in December from €265/tonne in November, the company said on Thursday.

However, Unipetrol's December model polyolefin margin was down less, at €205/tonne from €212/tonne in the preceding month, it added.

During 2011, the company's olefin monthly margin year-high was May's €371/tonne, while its highest monthly polyolefin margin was €300/tonne for April.

Unipetrol saw its margin go into decline across the second half of last year as renewed economic troubles hit its main export market, Germany, and other export destinations.

The company is 63%-owned by Poland's PKN Orlen, which reported its latest petrochemical margins on 3 January.

($1 = €0.77)

By: Will Conroy
+44 20 8652 3214

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