Texture from Reuters:
Meanwhile, official data on Monday showed China’s real estate investment grew at a slower pace in November at 8.4% year-on-year, while new construction starts contracted last month after a surge in October. month’s property data is significantly lower than expected,” Huatai Futures said in a note, adding that ferrous prices plunged following the data as it missed consumption expectations.
That’s the 2020 iron ore story right there. As house prices cool:
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