Sorry, I couldn't tell you. Maybe zero impact at all.
Now, one thing that stands out for me is China's IO import tanked for a couple of months coinciding with the big plunge from the May record but for some strange reason import picked up big time to a nice rounded number of $US 20 billion in August which is also a monthly record. LoL
Gee, this iron ore market on a week by week basis is very hard to read but the trend is clear.
https://www.mining.com/iron-ore-price-rises-as-chinas-imports-hit-record/
Iron ore price, page-36978
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