Nigeria’s ELEME reveals December PP, PE offers to local market

Nigeria’s local producer, ELEME, announced its December prices for PP and PE with divergent policies. The producer rolled over its prices for PE for the fifth consecutive month in December. However, it applied decreases of NGN8,000/ton ($22/ton) for PP raffia and inj. and NGN16,000/ton ($44/ton) for PPBC inj., according to a regional distributor.

Accordingly, ELEME’s new offers are currently standing at NGN507,000/ton ($1406/ton) for HDPE film, at NGN504,000/ton ($1398/ton) for LLDPE c4 film and for HDPE b/m, at NGN505,000/ton ($1400/ton) for HDPE inj., at NGN517,000/ton for ($1434/ton) for PP raffia, at NGN510,000/ton ($1415/ton) for inj. and at NGN517,000-533,000/ton ($1434-1478/ton) for PPBC inj., all on an ex-Port Harcourt, Nigeria, cash excluding 5% VAT basis.