Iron Ore Futures Stumble Amid China’s Evergrande Meltdown (US Propane Up 78% Since Biden Elected President)

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by confoundedinterest17

Let’s get ready to stumble!

Iron Ore futures are down a whopping 4.66% today as China real estate developer Evergrande plunges into insolvency. And Evergrande’s bond that matures in 2022 sinks to $29.50.

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Other commodities are also sinking. One of the only commodities that is increasing today is ICE NBP Natural Gas.

And that is a shame is your rely on propane for heating, since propane prices has risen 78% since the election of “Delaware Joe” Biden as President.

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Thanks a lot, Joe and Congress!

 

 

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