* Benchmark iron ore futures down as much as 2.8% in morning trade
* Spot 62% iron ore stood at $95.5 per tonne
* Shipments from Brazil and Australia rose last week - Mysteel
* China's property investment eased in Nov - stats bureau
BEIJING, Dec 17 (Reuters) - Iron ore futures in China fell for the second straight session on Tuesday, slipping 2.8%, as rising shipments from big miners and soft economic data underlined supply and demand contradiction.
Shipments of the steelmaking ingredient from Australia and Brazil rose to 22.15 million tonnes last week, up by 462,000 tonnes compared with a week earlier, data compiled by Mysteel consultancy showed.
Meanwhile, official data on Monday showed China's real estate investment grew at a slower pace in November at 8.4% year-on-year, while new construction starts contracted last month after a surge in October. month's property data is significantly lower than expected," Huatai Futures said in a note, adding that ferrous prices plunged following the data as it missed consumption expectations.
"It is a repair of over optimism previously," it said.
The most traded iron ore futures on the Dalian Commodity Exchange DCIOcv1 , for May 2020 delivery, fell 2.4% to 637 yuan ($90.50) per tonne as of 0229 GMT, after slipping as much as 2.8% in morning trade.
Construction steel rebar on the Shanghai Futures Exchange SRBcv1 , for May 2020 delivery, dropped 0.9% to 3,480 yuan per tonne.
Hot-rolled coil SHHCcv1 , used in cars and home appliances, also saw a decline of 0.9% to 3,521 yuan per tonne.
FUNDAMENTALS
* Other steelmaking raw materials were mixed, with Dalian coking coal DJMcv1 edging up 0.4% to 1,245 yuan per tonne, while Dalian coke DCJcv1 dipped 0.3% to 1,837 yuan per tonne.
* Benchmark spot cargoes of iron ore with 62% iron content for delivery to China was at $95.5 per tonne on Monday, unchanged from the previous session. SH-CCN-IRNOR62
* Shanghai stainless steel futures SHSSc1 , for February 2020 delivery, pinned at 14,285 yuan per tonne.
* China approved eight fixed-asset investment projects in November with total investment at 7.1 billion yuan, the National Development and Reform Commission said on Tuesday. ($1 = 7.0389 Chinese yuan renminbi)