Nigeria’s ELEME reveals June PP, PE prices
A buyer who reported receiving stable June prices from the producer commented, “The producer elected to maintain a steady trend on their new prices despite the globally softening trends as their prices are still reasonable in Nigeria amidst ongoing difficulties for import trading. We believe that their offers will see demand from buyers who struggle with the fluctuating dollar parity when securing import materials.”
Another converter confirmed ELEME’s rollover decision and opined, “Demand is performing well in the local market nowadays while we are planning to receive June prices from our overseas suppliers before we decide on our next purchase.”
According to buyers’ reports, ELEME’s new prices stand at NGN490,000/ton ($1736/ton) for LLDPE film, at NGN505,000/ton ($1780/ton) for LLDPE injection, at NGN491,000/ton ($1740/ton) for HDPE film, at NGN488,000/ton ($1730/ton) for HDPE b/m, at NGN489,000/ton ($1732/ton) for HDPE injection, NGN457,000-470,000/ton ($1620-1665/ton) for PPBC injection, NGN437,000/ton ($1548/ton) for PP raffia and at NGN434,000/ton ($1538/ton) for PP injection on an ex-Port Harcourt, Nigeria, cash excluding 5% VAT basis.
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