Real estate investment fell 5.1% in November year-on-year, but the losses were concentrated in a few provinces. Liaoning saw real estate investment fall 75% from a year earlier. Zhejiang and Chongqing swung from positive growth to negative, with Zhejiang falling 28% and Chongqing down 14%. Hunan and Jiangsu also slowed considerably.
Iron ore rally overshot
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The iron ore bear market rally needs a new spur as steel and margins stall:
Dalian futures likewise look toppy: And coking coal: Steel output is still
ri...
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