Seaborne iron ore prices continued to follow the downward trend on Tuesday April 16, while the seaborne spot market remained thin.
MB 62% Fe Iron Ore Index: $94.78 per tonne cfr Qingdao, down $0.64 per tonne. MB 62% Fe Pilbara Blend Fines Index: $93.56 per tonne cfr Qingdao, down $0.64 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $96.70 per tonne cfr Qingdao, down $1.87 per tonne. MB 58% Fe Premium Index: $85.74 per tonne cfr Qingdao, down $0.52 per tonne. MB 65% Fe Iron Ore Index: $108.60 per tonne cfr Qingdao, down $1.10 per tonne. MB 62% Fe China Port Price Index: 684 yuan per wet metric tonne (implied 62% Fe China Port Price $93.51 per dry tonne), down 3 yuan per wet metric tonne. Key drivers China's iron ore futures fell during the afternoon trading session on the Dalian Commodity Exchange. It was down about 3% to 632.50 yuan (equivalent to $94.28 per tonne)...