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Nigeria’s ELEME revises July PP, PE offers down

by ChemOrbis Editorial Team - content@chemorbis.com
  • 13/07/2017 (11:02)
A distributor in Nigeria reported that the local producer ELEME revised its July PP and PE offers down from its initial July offers to be valid as of July 12.

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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