Today’s snapshot — 2026-10-19
Top mover: The published CFR Port Qasim shredded price (Fastmarkets MB-STE-0887) eased $3.24 (−0.78%) to $414.07 for Fri 16 Oct, its first print since the 9 Oct level of $417.31. India’s Nhava Sheva shredded index fell $2.17 the same day, so the softening is regional rather than Pakistan-only.
Notable prices:
- Pakistan Shredded CFR Port Qasim (Fastmarkets MB-STE-0887) = $414.07 (-3.24, -0.78%)
- India Shredded CFR Nhava Sheva (Fastmarkets MB-STE-0421) = $396.14 (-2.17, -0.54%)
- Turkey Shredded CFR (Fastmarkets MB-STE-0095) = $409.91 (0, flat)
- Turkey Shredded CFR (Kallanish) = $415.00 (0, flat)
Headline driver: The sanitized brief points to Gulf shipping risk (another reported mine-related tanker incident near Hormuz), freight revalidation and the closed EU non-OECD waste consultation. The physical tape shows only a small Pakistan and India easing, with Turkey flat, so the brief’s risk narrative is not yet confirmed in prices.
Action signal: No actionable signal today. Hold quotes and re-test Pakistan against grade-matched executable bids; the next print is the 23 Oct assessment.