Polish refiner and petrochemicals producer PKN Orlen's second quarter petrochemical margin fell to Eur982/mt ($1,093/mt) from Eur1,035/mt in the previous year and from Eur998/mt the previous quarter, the company said on its website.
The model petrochemical margin equals revenues (98% products calculated as 44% HDPE plus 7% LDPE plus 35% PP homo plus 12% PP copolymer) minus costs (100% input based on 75% naphtha plus 25% low-sulfur vacuum gasoil). Contract market quotations are used.
