Dalian: Iron ore futures closed lower on Thursday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for May 2025 delivery dipped 3.5 yuan (about 49 U.S. cents) to close at 773 yuan per tonne.

According to Namibia Press Agency, on Thursday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 565,513 lots, with a turnover of about 43.19 billion yuan. China, recognized as the world's largest importer of iron ore, opened the DCE iron ore futures to international investors in May 2018.