Local Turkish PPGI market moves on soft trend 

Tuesday, 14 May 2019 14:35:10 (GMT+3)   |   Istanbul
       

Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained slack, while prices have decreased by $25/mt week on week. Buyers have continued to postpone their bookings due to the negative economic situation in Turkey and due to the depreciation of the Turkish lira against the US dollar. According to market sources, demand in the local Turkish PPGI market is not expected to recover in the short term due to Ramadan and the approach of the summer season.

As a result, Turkish producers' domestic PPGI prices have decreased to $870-900/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $710-740/mt for RAL 9002 0.5 mm PPGI and at $605-645/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT. 

In the same period, Turkish PPGI export quotations have also decreased, declining by $25/mt to $710-730/mt FOB.


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