Today’s snapshot — 2026-11-04
Top mover: Kallanish zinc fell $101.65 (−2.61%) to $3,792.8 on 3 Nov data, the largest move on the tape; nickel eased too (−0.55%). Neither the PDFs nor the brief give a driver for zinc. The scrap tape did not move.
Notable prices:
- Kallanish Zinc = $3,792.8 (−$101.65, −2.61%)
- Kallanish Nickel = $15,415 (−$85, −0.55%)
- Published CFR Port Qasim shredded (Fastmarkets MB-STE-0887) = $414.79 (−$0.56, −0.13%, 30 Oct print)
- Turkey Shredded CFR (Fastmarkets MB-STE-0095) = $418.24 (unch, 0.00%)
Headline driver: The sanitized brief points to Pakistan fuel prices falling again on 4 Nov, which lowers inland haulage cost, and it verifies no Pakistan scrap price. Physical scrap was flat: Fastmarkets Turkey HMS (MB-STE-0096, $384–386, 30 Oct print), Turkey shredded and Rotterdam HMS (MB-STE-0420, $349.33) were unchanged, and Kallanish left Turkey HMS 80:20 at $400.5 and shredded at $420.5.
Action signal (if any): No actionable price signal today. The 30 Oct print ($414.79) remains the Pakistan reference until the next Fastmarkets print on 6 Nov; the brief’s desk read is to refresh inland haulage quotes at the lower diesel rate.