Nigeria’s ELEME revises July PP, PE offers down
The producer lowered its PE offers by NGN34,000/ton ($108/ton) for HDPE grades, by NGN36,000/ton ($115/ton) for LLDPE c4 film and PP offers by NGN23,000/ton ($75/ton) for homo PP raffia and inj. and by NGN27,000/ton ($85/ton) for PPBC inj. compared to its levels for the first half of July.
Accordingly, ELEME’s new offers for the remainder of the month stand at NGN507,000/ton ($1610/ton) for HDPE film, at NGN504,000/ton ($1600/ton) for LLDPE c4 film, at NGN504,000/ton ($1600/ton) for HDPE b/m, at NGN505,000/ton ($1600ton) for HDPE inj., at NGN479,000/ton for ($1520/ton) for PP raffia, at NGN472,000/ton ($1500/ton) for inj. and at NGN495,000-511,000/ton ($1571-1621/ton) for PPBC inj., all on an ex-Port Harcourt, Nigeria, cash excluding 5% VAT basis.
The distributor receiving these offers commented, “The producer reduced their offers due to disappointing demand.”
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