02 July 2012 17:13 [Source: ICIS news]
LONDON (ICIS)--PKN Orlen's model petrochemical margin tumbled to €740/tonne ($937/tonne) in June from €819/tonne in May, the Poland-based group said on Monday.
The figure also fell short of the model margin of €807/tonne recorded for June of last year, it added.
The margin peaked at €821/tonne in May 2011, before declining in successive months during the renewed economic downturn in ?xml:namespace>
January's figure remains Orlen's lowest model petrochemical margin seen in 2012.
Such a figure is 'unsustainably weak' for the company's petrochemical division, according to WOOD & Company.
($1 = €0.79)
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