Over the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained weak due to the end-of-Ramadan holiday and the snap election to be held on June 24, while Turkish PPGI producers have increased their domestic prices by $30/mt week on week. According to market players, buyers are expected to step up their bookings slightly after the election due to the upward trend of prices.
Turkish producers' domestic PPGI prices are have increased to $1,000-1,050/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $840-880/mt for RAL 9002 0.5 mm PPGI and at $730-790/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, Turkish PPGI offers to the export markets have also increased by $30/mt during the given period to $840-870/mt FOB, while it is observed that export sales have recovered slightly.