Over the past week, buyers in the local Turkish pre-painted galvanized iron (PPGI) market, who had been postponing their purchases for a long time, have stepped up their booking activity somewhat in order to increase their inventories. After limiting their bookings due to the approaching year-end, buyers will likely seek to replenish their inventories and so demand and prices in the local Turkish PPGI market are expected to increase with the arrival of the new year.
This week, Turkish domestic PPGI prices have remained unchanged week on week, with RAL 9002 0.3 mm 100 gr/m² zinc-coated PPGI prices at $970-1,005/mt, with the price of RAL 9002 0.5 mm at $810-840/mt and the price of 1 mm RAL 9002 at $700-745/mt. All the offers in question are on ex-works basis and exclude 18 percent VAT.
Meanwhile, Turkish PPGI export prices have also remained stable week on week and are still at $795-815/mt FOB.