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Nigerian ELEME revises up Aug PP, PE prices for 2nd time

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/08/2016 (16:42)
A trader operating in Nigeria reported that the local producer, ELEME, lifted their PP and PE prices for the second time in August. New offers indicate increases of NGN30,000/ton ($87/ton) for PP and 35,000-38,000/ton ($102-110/ton) for PE from their latest levels within this month and will be effective as of today.

According to the trader’s report, the producer now offers HDPE film at NGN591,000/ton ($1840/ton), LLDPE injection at NGN603,000/ton ($1877$/ton), HDPE blow moulding and LLDPE film at NGN588,000/ton ($1830/ton), HDPE injection at NGN589,000/ton ($1833/ton), PP-homo raffia at NGN527,000/ton ($1640/ton), PP-homo injection at NGN524,000/ton ($1631/ton) and PPBC injection at NGN552,000-565,000/ton ($1718-1758/ton), all on a on ex-warehouse Port Harcourt, cash excluding 5% VAT basis.

Prior to this adjustment, the local producer had also implemented increases on their PP and PE prices in the middle of August when compared to their offers at the beginning of the month.
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