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)
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