Today’s snapshot — 2026-09-22
Top mover: HMS 80:20 Benelux delivered dock climbed to €285/tonne (+€5, +1.8% day-on-day) as sub-suppliers resisted lower offers and exporters leaned on a weaker euro to push dock prices higher.
Notable prices:
- HMS 1&2 80:20 CFR Turkey = $398.00 (+1.00, +0.25%)
- HMS 1&2 80:20 US-origin CFR Turkey = $402.00 (+3.00, +0.75%)
- Shredded Scrap CFR Turkey = $418.00 (+1.00, +0.24%)
- Iron Ore 62% Fe CFR Qingdao = $97.20 (+0.61, +0.63%)
Headline driver: Freight and route risk stayed elevated as Hormuz commodity-vessel traffic more than halved and two tankers were struck, even as Saudi Arabia’s East-West pipeline restart pulled Brent down toward $97 and eased broader oil-supply anxiety.
Action signal: Hold — reconfirm freight and insurance on open quotes before fixing any CFR; no fresh executable physical trade to chase today.