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Nigeria’s ELEME revises up Sept PP, PE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/09/2016 (15:55)
Nigeria’s local PP and PE producer ELEME implemented an upward adjustment on their PP and PE offers for the second half of September. The new offers were effective as of September 15.

According to a trader who confirmed receiving new price adjustments from ELEME, the producer’s new PP and PE offers now stand at NGN613.000/ton ($1944/ton) for LLDPE c4 film and HDPE film, at NGN626.000/ton ($1986/ton) for LLDPE c4 inj., at NGN610.000/ton ($1935/ton) for HDPE blow moulding, at NGN611.000/ton ($1938/ton) for HDPE injection, at NGN562.000-575.000/ton ($1783-1824/ton) for PPBC injection, at NGN535.000/ton ($1698/ton) for PP raffia and at NGN532.000/ton ($1688/ton) for PP injection, all on ex-warehouse Port Harcourt city, Nigeria, cash excluding 5% VAT basis.

The producer’s new offers indicate increases of NGN13.000/ton ($41/ton) for LLDPE c4 film and inj., NGN10.000/ton ($32/ton) for HDPE inj., blow moulding and film, NGN3.000/ton ($10/ton) for PP homo polymer inj. and raffia and NGN5.000/ton ($16/ton) for PP block copolymer injection when compared to their initial September levels.
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