03 July 2013 12:07 [Source: ICIS news]
LONDON (ICIS)--PKN Orlen’s model petrochemicals margin rose 3% to €712/tonne ($925/tonne) in June from €692/tonne in May, the Polish group said on Wednesday.
The June 2013 margin, owever, trailed the margin of €740/tonne recorded in June last year, it added.
“Only petchems has proven to be an island of stability so far, although some signs of weakness in aromatics may also affect margins going forward,” WOOD & Company investment bank said in a note to investors on Orlen’s margin performance in both refining and petrochemicals in the first half of 2013.
($1 = €0.77)
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