During the past week, demand in the local Turkish pre-painted galvanized iron (PPGI) market has remained slack, while producers’ prices have remained stable. Turkish buyers have continued to postpone their bookings, concluding deals only to meet their immediate needs. According to market sources, demand for domestic PPGI in Turkey is not expected to recover before the new year, with the economic situation of the country still negative, while buyers are seeking to enter 2019 with their inventories as low as possible.
Turkish producers' domestic PPGI prices are still at $930-960/mt for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI, at $770-800/mt for RAL 9002 0.5 mm PPGI and at $665-705/mt for RAL 9002 1 mm PPGI. All the offers in question are on ex-works basis and exclude 18 percent VAT.
In the given period, Turkish PPGI export offers have remained stable week on week at $770-790/mt FOB.