Nigeria’s ELEME reveals PP, PE offers for November

Nigeria’s local producer, ELEME, rolled over its PE prices for November. This has marked as the fourth consecutive month of stable prices for PE. Meanwhile, the producer applied increases of NGN12,000/ton ($33/ton) for PP grades in line with the market expectations, according to some players.

Accordingly, ELEME’s new offers are currently standing at NGN507,000/ton ($1410/ton) for HDPE film, at NGN504,000/ton ($1402/ton) for LLDPE c4 film and for HDPE b/m, at NGN505,000/ton ($1405/ton) for HDPE inj., at NGN525,000/ton for ($1460/ton) for PP raffia, at NGN518,000/ton ($1440/ton) for inj. and at NGN533,000-549,000/ton ($1482-1527/ton) for PPBC inj., all on an ex-Port Harcourt, Nigeria, cash excluding 5% VAT basis.

A distributor said, “We were expecting rollovers to some increases from the local producer as demand started to improve in line with the high season that usually starts in November.”