04 September 2012 15:18 [Source: ICIS news]
LONDON (ICIS)--PKN Orlen's model petrochemical margin improved to €594/tonne ($752/tonne) in August from €536/tonne in July, the Polish group said on Tuesday.
However, the margin still trailed the €675/tonne recorded in August 2011, making it 12% weaker year on year, it added.
The latest Orlen petrochemical figure was seen as “a recovery from the July slump” by investment bank WOOD & Company, but it added that the sustainability of the stronger margin environment beyond the third quarter of this year was “highly questionable”.
($1 = €0.79)
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