Nigerian ELEME lowers January prices
by ChemOrbis Editorial Team - content@chemorbis.com
In Nigeria, the local PP and PE producer ELEME issued their new January prices with decreases of NGN5000/ton ($25/ton) for PE and NGN6000/ton ($30/ton) for PP when compared to December.
Now, the producer offers HDPE film at NGN325,000/ton ($1633/ton), HDPE b/m at NGN322,000/ton ($1618/ton), HDPE injection at NGN323,000/ton ($1623/ton), LLDPE film at NGN315,000/ton ($1583/ton), LLDPE injection at NGN325,000/ton ($1633/ton), PP raffia at NGN287,000/ton ($1442/ton), PP injection at NGN284,000/ton ($1427/ton) and PPBC injection at NGN291,000-299,000/ton ($1462-1502/ton) ex-Port Harcourt, cash excluding 5% VAT.
Prior to ELEME’s new announcements, import South Korean PP and PE prices had been announced with over $100/ton decreases for January.
Now, the producer offers HDPE film at NGN325,000/ton ($1633/ton), HDPE b/m at NGN322,000/ton ($1618/ton), HDPE injection at NGN323,000/ton ($1623/ton), LLDPE film at NGN315,000/ton ($1583/ton), LLDPE injection at NGN325,000/ton ($1633/ton), PP raffia at NGN287,000/ton ($1442/ton), PP injection at NGN284,000/ton ($1427/ton) and PPBC injection at NGN291,000-299,000/ton ($1462-1502/ton) ex-Port Harcourt, cash excluding 5% VAT.
Prior to ELEME’s new announcements, import South Korean PP and PE prices had been announced with over $100/ton decreases for January.
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