Nigeria’s ELEME reveals December PP, PE offers to local market
by ChemOrbis Editorial Team - content@chemorbis.com
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.
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.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
