The seaborne iron ore market continued to pick up strength on Wednesday April 18 on a fixed-price basis though premiums for index-linked cargoes continued to soften.
Metal Bulletin 62% Fe Iron Ore Index: $65.88 per tonne cfr Qingdao, up by $1.37 per tonneMetal Bulletin 58% Fe Premium Index: $53.10 per tonne cfr Qingdao, up by $0.88 per tonneMetal Bulletin 65% Fe Iron Ore Index: $83.90 per tonne cfr Qingdao, up by $1.90 per tonneMetal Bulletin 62% Fe China Port Price Index: 459 yuan per wet tonne (implied 62% Fe China Port Price $63.34 per dry tonne), up by 1 yuan per wet tonne Key driversChina's ferrous futures rose across the board during the day, with the benchmark iron ore contract ending over 2% higher than the previous day's settlement price.The country's...