Poland's PKN Orlen November petchem model margin falls 4.3%

04 December 2012 11:56  [Source: ICIS news]

LONDON (ICIS)--PKN Orlen's model petrochemical margin fell 4.3% to €719/tonne ($934/tonne) in November from €751/tonne in October, the Polish group said on Tuesday.

However, the figure remained 17% ahead of the €614/tonne model margin recorded in November 2011, Orlen added.

An assessment of the figures should take into account the fact that one year ago the petrochemical market was going through “a very depressed period”, investment bank WOOD & Company said.

($1 =  €0.77)

By: Will Conroy
+44 20 8652 3214

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