Dalian: Iron ore futures closed lower on Tuesday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for May 2025 delivery dipped 0.5 yuan (about 7 U.S. cents) to close at 774.5 yuan per tonne.

According to Namibia Press Agency, the total trading volume on Tuesday for the 11 listed iron ore futures contracts on the exchange was 473,807 lots, with a turnover of about 36.15 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, allowing for broader market participation.