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Import PE offers stable, PP up for Aug to Nigeria

by ChemOrbis Editorial Team -
  • 04/08/2017 (16:28)
In Nigeria, a trader received new PP and PE offers for August from Middle Eastern and Asian suppliers with rollovers for PE while issued $50-80/ton increases for PP from July given tighter supplies levels for this product.

The overall range for the suppliers’ new offers to Nigeria stand at $1300-1310/ton for LDPE film, at $1180/ton for LLDPE film and at $1180-1200/ton for HDPE film and at $1180-1190/ton for PP raffia and inj., all on CFR Lagos, cash basis.

“Demand is weak as the economy is not performing well. Volatile exchanges rates also cause buyers to adopt a cautious stance. ExxonMobil is not offering PP for a second consecutive month and PP supplies from the overseas suppliers are not ample, hence their prices have increased after demand improved in Asia. I think ELEME will also issue increases when demand improves,” commented the trader.
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