April PP, PE offers revealed in Nigeria’s local and import markets
by ChemOrbis Editorial Team - content@chemorbis.com
In Nigeria, the country’s local producer, ELEME, revealed their new April offers with rollovers when compared to initial March levels.
The producer is currently offering at NGN1,116,000/ton ($2666/ton) for LLDPE, NGN1,120,000/ton ($2675/ton) for HDPE film, NGN1,127,100/ton ($2692/ton) for HDPE b/m, NGN1,120,000/ton ($2675/ton) for HDPE inj., NGN1,129,000-1,164,700/ton ($2454-2782/ton) for PPBC, NGN1,085,700/ton ($2593/ton) for PPH raffia, NGN1,073,600-1,103,600/ton ($2564-2636/ton) for PPH inj., all on ex Port Harcourt city, cash basis.
On a related note, players in the import market reported new April offers with rollovers. “We are expecting lower deals to be achievable amid limited trading in the region,” opined a local trader.
April import offers are currently standing at $1240-1250/ton for PPH raffia and inj., $1310-1330/ton for PPBC, $1300-1310/ton for PPH film and fibre, $1390-1400/ton for PPRC, $1310-1320/ton for LLDPE, $1300-1310/ton for HDPE film, $1380-1400/ton for LDPE and $1380-1400/ton for HDPE b/m and inj., all on a CFR Nigeria, cash basis.
The producer is currently offering at NGN1,116,000/ton ($2666/ton) for LLDPE, NGN1,120,000/ton ($2675/ton) for HDPE film, NGN1,127,100/ton ($2692/ton) for HDPE b/m, NGN1,120,000/ton ($2675/ton) for HDPE inj., NGN1,129,000-1,164,700/ton ($2454-2782/ton) for PPBC, NGN1,085,700/ton ($2593/ton) for PPH raffia, NGN1,073,600-1,103,600/ton ($2564-2636/ton) for PPH inj., all on ex Port Harcourt city, cash basis.
On a related note, players in the import market reported new April offers with rollovers. “We are expecting lower deals to be achievable amid limited trading in the region,” opined a local trader.
April import offers are currently standing at $1240-1250/ton for PPH raffia and inj., $1310-1330/ton for PPBC, $1300-1310/ton for PPH film and fibre, $1390-1400/ton for PPRC, $1310-1320/ton for LLDPE, $1300-1310/ton for HDPE film, $1380-1400/ton for LDPE and $1380-1400/ton for HDPE b/m and inj., all on a CFR Nigeria, cash basis.
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