According to market sources, the previous declines seen in the local pre-painted
galvanized (PPGI) coil prices in
Turkey have been replaced by a sideways trend during the past week, while demand for local PPGI has remained weak in the same period. Meanwhile, due to the fluctuation of the US dollar- Turkish lira exchange rate ahead of the general election to be held in
Turkey on November 1, local buyers are trying to keep their stocks at minimum levels and are still postponing their purchases except for immediate needs. At present, Turkish mills' local prices for RAL 9002 0.3 mm 100 gr/m² zinc-
coated PPGI are at $755-770/mt, while their offers for RAL 9002 0.5 mm are at $640-665/mt and prices for 1 mm RAL 9002 are at $575-600/mt. All the offers in question are on ex-works basis, exclude 18 percent VAT, and are for November production.
Meanwhile, demand for Turkish PPGI is also slack in the export markets, while buyers are only concluding purchases for small tonnages in line with their needs. Turkish PPGI export offer prices have remained unchanged compared to last week at $640-660/mt FOB for November production.