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Nigeria’s ELEME reveals PP, PE offers for November

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/11/2017 (14:02)
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.”
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