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1.Market Observations

28 Aug 2014 (AFR) – China property slump reignites iron ore price fears – Iron ore falls below $US89 to fresh two-year low

(28 August 2014, AFR, p21, Angus Grigg, Lisa Murray and Max Mason)

‘Dwindling property prices in China threaten to push the price of iron ore even lower as fears grow about the housing outlook in the world’s second largest economy. The benchmark iron ore for­­­ immediate delivery to the port of Tianjin in China fell to a fresh two-year low on Wednesday at $US88.90.’

Read more at AFR.com (might need AFR login access)

(chart ack: Bloomberg, AFR)

 

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