Daily iron ore price update (restocking)

Texture from Reuters:

Average weekly shipment from Brazil decreased 8% versus June to 5.9 million tonnes, while cargoes from Australia decreased 13% to 15 million tonnes, she said, citing some industry tracking data.

“The data shows shipments are not recovering and not very stable,” Lau said. “We need to closely monitor these shipments on a weekly basis.”

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