Stagnant export markets weigh on CEE petchem margins: analysts

25 January 2012 17:25  [Source: ICIS news]

LONDON (ICIS)--Central and eastern European (CEE) petrochemical producers cannot expect their 2012 integrated petrochemical margins to move far from the levels they sank to in the second half of 2011, a Czech equities house said on Wednesday.

Patria Finance added that it was unlikely, for instance, that the Czech Republic’s Unipetrol would see its integrated margins move far from the €250/tonne ($325/tonne) level throughout this year because of stagnant export markets in Europe.

In early January, Unipetrol said its model olefin margin declined to €236/tonne in December from €265/tonne in November, while its model polyolefin margin fell to €205/tonne from €212/tonne.

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.

($1 = €0.77)

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By: Will Conroy
+44 20 8652 3214

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