Nigerian ELEME adjusts up April PP, PE prices
by ChemOrbis Editorial Team - content@chemorbis.com
In Nigeria, the local PP and PE producer ELEME reportedly adjusted up their April prices by NGN10,000-11,000/ton ($50-55/ton) for PP and by NGN20,000-21,000/ton ($100-106/ton) for PE when compared to their initial April levels.
Following the latest revision, the producer’s PP prices are pegged at NGN318,000/ton ($1598/ton) for raffia and BOPP, at NGN315,000/ton ($1583/ton) for PP injection and at NGN323,000-329,000/ton ($1623-1653/ton) for PP block copolymer injection on an ex-Port Harcourt, cash excluding 5% VAT basis.
In the PE market, offers were pegged at NGN327,000/ton ($1643/ton) for HDPE film, at NGN324,000/ton ($1628/ton) for LLDPE c4 film and HDPE blow moulding, at NGN332,000/ton ($1668/ton) for LLDPE c4 injection and at NGN325,000/ton ($1633/ton) for HDPE injection with the same terms.
Following the latest revision, the producer’s PP prices are pegged at NGN318,000/ton ($1598/ton) for raffia and BOPP, at NGN315,000/ton ($1583/ton) for PP injection and at NGN323,000-329,000/ton ($1623-1653/ton) for PP block copolymer injection on an ex-Port Harcourt, cash excluding 5% VAT basis.
In the PE market, offers were pegged at NGN327,000/ton ($1643/ton) for HDPE film, at NGN324,000/ton ($1628/ton) for LLDPE c4 film and HDPE blow moulding, at NGN332,000/ton ($1668/ton) for LLDPE c4 injection and at NGN325,000/ton ($1633/ton) for HDPE injection with the same terms.
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