In One Chart: This commodity has been getting hammered even harder than oil

Call it at least one poster child for all that’s bothering investors about China lately.

While U.S. crude prices CLN7, +1.76% are set to lose about 8% this week, after a particularly brutal session on Thursday, iron-ore futures fell as much as 7.5% Friday on China’s Dalian Commodity Exchange, after slumping 8%—their trading limit—on Thursday. The commodity has lost about a fifth of its value in the last three months.

Read:OPEC faces high-stakes decision as oil wavers around 5-month low

Here’s a chart of iron ore for delivery to Qingdao, China, (62% Ferrous Content – USD/tonne):

Saxo Bank/Bloomberg

And here’s a chart of iron ore traded on the Dalian, priced Chinese yuan, per metric ton:

Losses for the metal that’s predominantly used to make steel have been tied to fresh concerns about China’s economic health, after data Thursday showed softness in the country’s services sector.

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