In the past week, buyers in the local Turkish pre-painted galvanized (PPGI) coil market have remained cautious and have continued to make bookings only to meet their immediate needs due to the ongoing depreciation of the Turkish lira against the US dollar. Meanwhile, Turkish mills’ domestic PPGI quotations have remained stable week on week. Turkish mills' local prices for RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI are at $950-1,035/mt, while their offers for RAL 9002 0.5 mm are at $800-860/mt and prices for 1 mm RAL 9002 are at $690-775/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, demand for Turkish PPGI exports is still slack since most buyers in the export markets are still on their holidays. Turkish PPGI export offers have remained stable week on week in the range of $770-805/mt FOB.