Import and local PP, PE prices for May announced in Nigeria, Kenya
The domestic producer’s latest prices were at NGN485,000/ton ($1346/ton) for HDPE film, NGN465,000/ton ($1291/ton) for LLDPE film, NGN484,000/ton ($1344/ton) for HDPE b/m and at NGN470,000/ton ($1305/ton) for HDPE inj.; NGN552,000/ton ($1532/ton) for homo PP raffia, NGN546,000/ton ($1516/ton) for homo PP inj., and at NGN568,000-574,000/ton ($1577-1593/ton) for PPBC inj., all on ex Port Harcourt City, cash not including 5% VAT.
In Nigeria’s import market, a major Saudi producer’s new offers indicated rollovers to increases of $10-20/ton from a month ago at $1190/ton for HDPE film, PP raffia and inj., $1090-1130/ton for LDPE film, and at $1080/ton for LLDPE film, all on CFR Lagos, cash terms.
Meanwhile, the overall price range for PP from the two Asian suppliers were at $1260-1300/ton for PP raffia and inj., $1335-1340/ton for PPBC inj. and at $1420/ton for PPRC inj., with the same terms.
In Kenya, a Middle Eastern producer announced new offers at $1245/ton for PP raffia and inj., while an Indian-origin PP raffia and inj. was offered at more competitive levels at $1180/ton, all on CFR Mombasa, Kenya, 90 days basis.
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