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Nigerian ELEME lifts up March PP, PE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/02/2015 (17:45)
A distributor operating in Lagos, Nigeria, reported receiving new March offers from the local producer ELEME as of today. According to the distributor, who received the new prices via email, the producer issued NGN12.000/ton ($60/ton) hikes on their PP offers while they lifted their PE prices by NGN15.000/ton ($75/ton) apart from LLDPE injection, which saw NGN15.000-16.000/ton ($75-80/ton) hikes, in line with firmer March expectancies.

Now, the new prices stand at NGN297.000/ton ($1500/ton) for HDPE film, NGN294.000/ton ($1485/ton) for HDPE blow moulding, NGN295.000/ton ($1490/ton) for HDPE injection, NGN293.000/ton ($1480/ton) for LLDPE c4 film and at NGN301.000/ton ($1520/ton) for LLDPE c4 injection on ex-Port Harcourt City, cash excluding VAT basis.

For PP, the producer’s new March prices stand at NGN266.000/ton ($1343/ton) for raffia and BOPP, at NGN263.000/ton ($1328/ton) for injection and at NGN272.000-276.000/ton ($1374-1354/ton) for PPBC injection with the same terms.
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