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Nigeria’s ELEME rolls over PP, PE offers for August

by ChemOrbis Editorial Team -
  • 02/08/2017 (13:33)
According to some converters’ reports, Nigeria’s local producer ELEME rolled over its PP and PE offers for August from the revised levels of July. The producer had issued some declines on its initial offers for July.

ELEME’s new offers were reported stable at NGN507,000/ton ($1610/ton) for HDPE film, at NGN504,000/ton ($1601/ton) for LLDPE c4 film and for HDPE b/m, at NGN505,000/ton ($1604/ton) for HDPE inj., at NGN479,000/ton for ($1522/ton) for PP raffia, at NGN472,000/ton ($1500/ton) for inj. and at NGN495,000-511,000/ton ($1573-1624/ton) for PPBC inj., all on an ex-Port Harcourt, Nigeria, cash excluding 5% VAT basis.

A converter commented, "The market has been following a steady path while the overall activity remains stagnant.”
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