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Czech producer Unipetrol is set to record a strong petrochemical performance

April 05/2011

(ICIS) -- Czech producer Unipetrol is set to record a strong petrochemical performance for the first quarter after margins returned to growth, investment bank Wood & Company said on Tuesday. After suffering a dip last December on sharply rising feedstock costs, Unipetrols integrated petrochemical margin rose in each of the following three months, delivering an average of EUR 626/t (USD 894/t) for the first quarter of 2011, according to the bank. This was up 17% on both the previous quarter and the first quarter of 2010, Prague-based Wood & Company added.


For the first quarter of 2011, Unipetrols model monomer margin rose to EUR 345/t from EUR 255/t in the fourth quarter of 2010 and EUR 278/t in the first quarter of 2010, the bank said.


The companys model polymer margin for the first quarter of this year edged up to EUR 281/t from EUR 278/t in the previous quarter and EUR 257/t in the first quarter of 2010.


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