Nigeria’s PP, PE Prices Climb as Saudi Supplier Returns with Sharp October Hikes

Nigeria’s PP and PE markets have turned firmer after a major Saudi Arabian supplier returned with significantly higher October offers, raising prices across its portfolio by up to $100/ton. According to the ChemOrbis Price Index, the latest increases pushed market prices to their highest levels since late June.

In the PE market, the supplier increased offers by $60-100/ton. HDPE film, blow molding and injection grades recorded the largest hikes of $100/ton. LLDPE film prices rose by $90-100/ton, while LDPE film increased by $60-80/ton.

The PP market also saw substantial increases. Homo-PP raffia and injection, as well as homo-PP film and fibre, were raised by $100/ton. PPBC injection increased by $70/ton, while PPRC injection prices climbed by $100/ton.

The latest increases follow the supplier’s withdrawal of its September indications amid regional tensions and supply disruptions. Market participants said availability remains limited, while buyers are becoming more willing to secure cargoes as inventories stay low.

Tighter regional supply has strengthened producers’ position in the market, giving them greater room to raise price targets despite continued caution among Nigerian buyers. Limited availability and concerns over future supply are encouraging some buyers to cover their immediate requirements.

The latest offers, on a CFR Lagos, cash basis and subject to 10% customs duties, are as follows:

HDPE Film
Current: $1,370-1,380/ton
Previous: $1,270-1,280/ton
Change: +$100/ton

HDPE Blow Molding
Current: $1,370-1,380/ton
Previous: $1,270-1,280/ton
Change: +$100/ton

HDPE Injection
Current: $1,370-1,380/ton
Previous: $1,270-1,280/ton
Change: +$100/ton

LLDPE Film
Current: $1,380-1,400/ton
Previous: $1,290-1,300/ton
Change: +$90-100/ton

LDPE Film
Current: $1,560-1,570/ton
Previous: $1,480-1,510/ton
Change: +$60-80/ton

Homo-PP Raffia & Injection
Current: $1,440-1,460/ton
Previous: $1,340-1,360/ton
Change: +$100/ton

Homo-PP Film & Fibre
Current: $1,470-1,490/ton
Previous: $1,370-1,390/ton
Change: +$100/ton

PPBC Injection
Current: $1,480-1,490/ton
Previous: $1,410-1,420/ton
Change: +$70/ton

PPRC Injection
Current: $1,620-1,640/ton
Previous: $1,520-1,540/ton
Change: +$100/ton

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