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PE heads south in Nigeria

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/02/2015 (17:41)
A distributor operating in Lagos, Nigeria reported receiving new February PE prices from a Middle Eastern producer with decreases from last month.

The distributor obtained $110-120/ton drops for LDPE film at $1220/ton on a CFR Lagos, Nigeria, 90 days basis while they received $160/ton cuts at $1180/ton for LLDPE and HDPE film with the same terms.

“We received softer PE prices this month while the general market sentiment is still soft and prices are still open to negotiation. One of the reasons for the softer market sentiment is the general elections in the country, which will take place on February 14.”
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