Dalian: Iron ore futures closed higher on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for September 2025 delivery gained 5.5 yuan, approximately 76 U.S. cents, to close at 728.5 yuan per tonne.

According to Namibia Press Agency, the total trading volume on Wednesday for 12 listed iron ore futures contracts on the exchange reached 389,176 lots, with a turnover of about 28.36 billion yuan. The surge in activity highlights the exchange's growing significance in the global commodities market.

China, as the world's largest importer of iron ore, opened the DCE iron ore futures to international investors in May 2018. This move has facilitated increased participation and liquidity in the market, attracting global investors and contributing to the rising trading volumes observed.