China's Ching Ming holiday contributed to low appetite in the iron ore swaps and options market Monday as the front-month contract traded higher to steepen the premium with contracts further forward, according to several market sources in London and Singapore. The May swaps contract basis The Steel Index's 62% Fe index was heard done several times at 142 dollars/dry mt, and was bid through London at that level at day-end against an 144 dollars/dmt offer.
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