Czech Unipetrol's model polyolefin margin declines

11 June 2012 11:27  [Source: ICIS news]

LONDON (ICIS)--Unipetrol saw its model polyolefin margin fall back to €235/tonne ($194/tonne) in May from €257/tonne in April, the Czech Republic-based petrochemical producer said on Monday.

The margin was down by €43/tonne compared to the €278/tonne figure recorded in May 2011, the company added.

Unipetrol's polyolefin margin hit a two-year low in the fourth quarter of 2011, dropping by 23% year on year to €214/tonne, before recovering slightly in the first few months of 2012.

The company's May 2012 model olefin margin jumped to €419/tonne from €341/tonne in April, and contrasted with the €371/tonne figure recorded in May a year ago, it added.

Unipetrol is 63%-owned by Poland’s PKN Orlen oil and petrochemicals group.

($1 = €0.80)

By: Will Conroy
+44 20 8652 3214

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