Port Hedland iron ore shipments still soft

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Port Hedland iron ore shipments for August are out and rebounded but remain soft relative to expanding capacity at 42.8mt:

Korean shipments appear to be flattening out after the Roy Hill ramp up:

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Further rebounding ahead…

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.