Daily iron ore price update (historic adjustment)

Texture from Reuters:

“We could see further weakness,” said analyst Edward Meir, commodity consultant at brokerage INTL FCStone in London.

“The gains we saw … seem to be just a short-lived technical bounce, as a sense of unease still seems to linger over a number of markets ahead of the September 1st U.S. tariff imposition on the next tranche of Chinese exports,” he said.

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