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Nigerian producer announces domestic PP, PE prices for Dec

by ChemOrbis Editorial Team -
  • 01/12/2014 (13:26)
Nigeria’s local PP and PE producer ELEME has revealed their new December prices. Contrary to the general market expectations, the producer rolled over their prices from November.

A distributor commented, “The rollover decision stems from the severe depreciation of the local currency against the US dollar. At moment, players are awaiting Middle Eastern import offers.”

Looking at prices, ELEME’s offers stand at NGN307,000/ton ($1729/ton) for LLDPE c4 film, NGN314,000/ton ($1769/ton) for LLDPE c4 injection, NGN311,000/ton ($1752/ton) for HDPE film, NGN308,000/ton ($1735/ton) for HDPE b/m, NGN309,000/ton ($1740/ton) for HDPE injection, NGN300,000-304,000/ton ($1690-1712/ton) for PPBC injection, NGN294,000/ton ($1656/ton) for PP raffia and BOPP and at NGN291,000/ton ($1639/ton) for PP injection on an ex-warehouse Port Harcourt city, Nigeria, cash excluding 5% VAT.
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