Iron ore price, page-37498

The thing with Evergrande is the Chinese government might not bail them out. They might come through at the 11th hour but Evergrande are in this position because of government regulation, they brought in the 3 red lines policy a couple of years ago which prevents Evergrande from increasing their debt. Evergrande seem to have got around it by issuing commercial paper and shenanigans with their Evergrande Wealth division. China basically want to direct more investment in the share market rather than property so it suits them to punish investors in Evergrande to scare people off property investments. Personally I think the Chinses government will let Evergrande fall over and intervene more in the other property developers so it will be easier to renegotiate debt. Anyway who knows what will happen but I think it will definately reduce property investment.

https://bondevalue.com/news/only-6-3-of-rated-chinese-developers-comply-with-3-red-lines-limits-sp/