Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.
Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 65% Fe Iron Ore Index: $83.10 per tonne cfr Qingdao, up by $2 per tonne Metal Bulletin 62% Fe China Port Price Index: 457 yuan per wet tonne (implied 62% Fe China Port Price $63.10 per dry tonne), up by 1 yuan per tonne Key drivers Billet was being traded at 3,460 yuan ($550.90) per tonne including VAT in Tangshan as at 3pm...