# Weekly Pulse — October 12, 2026

> Hurricane Simón halted Manzanillo over the weekend and the peso posted its fifth straight weekly loss. Ocean freight keeps easing, but this week the cost sits in rescheduled appointments and the exchange rate.

Source: https://www.freightspot.com/en/resources/market-update/pulso-2026-10-12 · Updated: 2026-10-12 · Edition: Week of October 12 · Data as of: 2026-10-12 · Publisher: FreightSpot

## Key takeaways

- **The peso again weighs more than freight.** The FIX rose 1.2% to 18.4163 after Banxico's minutes, while the WCI fell 2% to $4,351/FEU.
- **Manzanillo starts the week behind.** Simón suspended terminals on Saturday and the Navy closed navigation on Sunday; expect packed appointments and rescheduled vessels.
- **The MVE is still not in the DOF.** There are 19 days of transition left to Oct 31; find your date in the [MVE checklist](https://www.freightspot.com/en/blog/checklist-mve-antes-1-octubre-2026).
- **Textiles, no automatic permit.** It is no longer required since Sep 15, Economía and ANAM confirmed.
- **What we still don't know.** There is no figure for the steel 232 cut, no date for the fourth USMCA round and no September EAX.

## Indicators

| Indicator | Value | Change | Note |
| --- | --- | --- | --- |
| Drewry WCI | $4,351 |  | USD/FEU · −2% weekly · Oct 8 |
| FIX exchange rate | $18.4163 |  | MXN/USD · Oct 9 · Banxico · +1.2% weekly |
| MVE transition | 19 days |  | Until Oct 31 · definitive imports Jan 15, 2027 |

## Rates and FX

*Freight eases; the dollar climbs.*

The peso strung together its fifth weekly loss. Banxico set the FIX at 18.4163 on Oct 9, versus 18.1903 on Oct 2 (+1.2%), erasing Tuesday's recovery, when it touched 17.9670. The turn came with the Oct 8 minutes: three of the five Board members opened the door to cutting the 6.50% rate, and the peso lost appeal. Every centavo raises the peso base for duty, DTA and VAT on your entry. At sea it is the opposite: Drewry's WCI fell 2% to $4,351/FEU on Oct 8 and Shanghai–Los Angeles slipped 3% to $7,624. Drewry expects stable rates next week. For Asia–Mexico, the September EAX is still unpublished; August was $6,415/FEU.

### What to do this week

Recost the entries you will pay in October at today's FIX and, if your supplier invoices in dollars, agree with your bank how much you will hedge.

## Ports and customs

*Simón stalled Manzanillo and the MVE is still not in the DOF.*

Hurricane Simón forced Manzanillo's main terminals to suspend operations on Saturday, Oct 10, and to move appointments to today, Monday the 12th. On Sunday the Navy reported navigation closed at Manzanillo and Lázaro Cárdenas; as of this edition we found no official reopening notice. Expect a week of packed appointments, rescheduled vessels and full yards. In customs, the MVE extension is still only an early SAT version: as of Oct 12, the DOF has not published it. There are 19 days left to Oct 31, and the requirement for definitive imports arrives on Jan 15, 2027. Also, Economía and ANAM confirmed on Oct 5 that textiles and apparel no longer need an automatic import permit since Sep 15.

### What to do this week

Confirm with your broker the new appointment and vessel date for each container in Manzanillo, and budget for extra storage. If you import textiles, check that your entries no longer ask for that permit.

## Trade and border

*There is progress on Section 232, but no tariff changed.*

Economía said this week that Mexico is close to a deal to cut the Section 232 tariff on steel, now 50%, though with no figure. On Monday, Sheinbaum spoke of "important progress" but no final deal, and the fourth USMCA round still has no date. What does have a calendar is the 2027 review: on Oct 5 the Federal Register published USTR's public consultation, with comments due Jan 12, 2027, and on Oct 14 the USITC holds a hearing on automotive rules of origin. These are the formal channels for industry to weigh in on the review.

### What to do this week

Keep planning on current tariffs. If your supply chain is automotive or steel, gather with your trade chamber the origin data you want to bring to the consultation.

## Sources

- [Drewry — World Container Index, Oct 8, 2026 ($4,351)](https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry)
- [Daily Cargo News — WCI Oct 8, 2026: rates ease in Golden Week (Oct 9)](https://www.thedcn.com.au/news/container-rates-ease-as-asian-port-congestion-persists)
- [Banxico — FIX Oct 9, 2026 (18.4163) and recent series](https://www.banxico.org.mx/tipcamb/tipCamMIAction.do?idioma=es)
- [El CEO — Peso posts its fifth weekly loss (Oct 9)](https://elceo.com/mercados/tipo-de-cambio-peso-dolar-hoy-9-de-octubre-de-2026/)
- [Bloomberg Línea — Banxico minutes: three members open the door to a cut (Oct 8)](https://www.bloomberglinea.com/latinoamerica/mexico/minuta-de-banxico-revela-que-tres-miembros-abren-la-puerta-a-un-recorte-de-la-tasa-de-interes/)
- [Info-Transportes — Asia–Mexico freight up 21.4% in August (EAX $6,415/FEU)](https://info-transportes.com.mx/index.php/puertos-y-terminales/5219-flete-maritimo-de-asia-a-mexico-sube-21-4-en-agosto)
- [T21 — Hurricane Simón halts operations at the port of Manzanillo (Oct 9)](https://t21.com.mx/huracan-simon-frena-operaciones-logisticas-en-puerto-de-manzanillo/)
- [NTCD — Navy closes navigation at Manzanillo and Lázaro Cárdenas due to Simón (Oct 11)](https://ntcd.mx/noticias-plan-marina-sigue-activo-colima-jalisco-huracan-simon-cierran-puertos)
- [SAT — Third Amendment Resolution to the 2026 Foreign Trade Rules, early version (Sep 30)](https://www.sat.gob.mx/minisitio/NormatividadRMFyRGCE/documentos2026/rgce/anticipadas/3aRMRGCE_2026_PrimeraAnticipada.pdf)
- [Holland & Knight — Mexico extends the MVE deadline again (Oct 7)](https://www.hklaw.com/es/insights/publications/2026/10/mexico-amplia-nuevamente-el-plazo-para-la-manifestacion)
- [ANAM — Joint release 93/2026: textiles without automatic permit (Oct 5)](https://www.anam.gob.mx/comunicado-de-prensa-93-2026/)
- [TLC Magazine — Economía close to a steel deal under 232; no date for round four (Oct 9)](https://tlcmagazinemexico.com/secciones/t-mec/secretaria-de-economia-informa-estar-cerca-de-acuerdo-en-acero-con-ee-uu-bajo-seccion-232-pe/)
- [Vanguardia — Sheinbaum: progress, but no final deal with the U.S. (Oct 12)](https://vanguardia.com.mx/noticias/mexico/t-mec-sigue-vigente-pese-a-dichos-de-trump-aun-no-hay-acuerdo-con-eu-sheinbaum-MO24080480)
- [Federal Register — USTR public consultation for the 2027 USMCA joint review (Oct 5)](https://www.federalregister.gov/documents/2026/10/05/2026-20341/request-for-public-comments-and-notice-of-public-hearing-relating-to-the-operation-of-the-agreement)
- [Federal Register — USITC, USMCA automotive rules of origin: Oct 14, 2026 hearing](https://www.federalregister.gov/documents/2026/02/23/2026-03499/usmca-automotive-rules-of-origin-economic-impact-and-operation-2027-report)

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