Unipetrol’s polyolefin margin sees recovery in July

06 August 2012 13:22  [Source: ICIS news]

LONDON (ICIS)--Unipetrol's model polyolefin margin recovered to €240/tonne ($296/tonne) in July from June's four-year low of €187/tonne, the Czech petrochemical producer and refiner said on Monday.

However, the July margin trailed the €275/tonne seen in July of last year, it added.

Unipetrol's model olefin margin for July was €256/tonne, compared with June's €444/tonne and July 2011's €265/tonne, the company added.

Unipetrol is 63%-owned by Polish oil and petrochemicals group PKN Orlen, which on 2 August reported a model petrochemical margin for July which analysts described as worryingly low.        

($1 = €0.81)

By: Will Conroy
+44 20 8652 3214

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