Seaborne iron ore prices weakened slightly on Tuesday April 3 amid a subdued futures market, though buying interest appears to have increased.
Metal Bulletin 62% Fe Iron Ore Index: $63.76 per tonne cfr Qingdao, down by $2.04 per tonne Metal Bulletin 58% Fe Premium Index: $52.09 per tonne cfr Qingdao, down by $0.40 per tonne Metal Bulletin 65% Fe Iron Ore Index: $81.50 per tonne cfr Qingdao, down by $1.60 per tonne Metal Bulletin 62% Fe China Port Price Index: 465 yuan per wet tonne (implied 62% Fe China Port Price $64.21 per dry tonne), up by 8 yuan per tonneKey drivers The lackluster performance of ferrous futures during the day sapped market confidence and weighed on physical prices.April-laycan cargoes of Pilbara Blend fines fetched lower premiums in the spot...