Jefferies: BHP Q1 shipments seen beating estimates, Rio in line

Jefferies estimates BHP's Western Australia Iron Ore shipments at 66.2 million metric tons for Q1, 2.6% above its own expectations and 4.7% higher than consensus, with shares down 1.6%. Rio Tinto's shipments are expected to be broadly in line with consensus, while Fortescue's are estimated below consensus, with Rio shares down 1.6% and Fortescue down more than 2%.