Poland’s Orlen predicts weaker Q3 model petchem margin

28 September 2012 10:54  [Source: ICIS news]

LONDON (ICIS)--PKN Orlen is expecting a third-quarter model petrochemical margin of around €619/tonne ($804/tonne), compared with €663/tonne in the same period last year, the Poland-based oil and petrochemicals group said on Friday.

The forecast margin is also a significant reduction on the €772/tonne seen in the second quarter of this year, it added.

WOOD & Company investment bank said the anticipated margin for the third quarter implied that a very strong margin would be recorded for September given the weakness in the preceding two months of the third quarter.

PKN Orlen is scheduled to report its third-quarter financial results on 25 October.

($1 = €0.77)

By: Will Conroy
+44 20 8652 3214

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