It happens nearly every year as Chinese Q1 restocking ends:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/GNf-raEboAADNQv.png)
And southern rains disrupt construction starts:
![](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/1-59.png)
And this about to begin too: Mineral Resources has readied up two brand new vessels that can be loaded with 20,000 tonnes of iron ore without needing to visit a deep water port, in preparation for the start of its next big mine at Onslow
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