Dalian: Iron ore futures closed lower on Wednesday during daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract, set for May 2025 delivery, fell by 8 yuan, equivalent to approximately 1.16 U.S. dollars, settling at 812 yuan per tonne.

According to Namibia Press Agency, the total trading volume for the day, encompassing 12 listed iron ore futures contracts on the exchange, reached 635,341 lots. The turnover for these contracts was approximately 51.17 billion yuan. As the world's largest importer of iron ore, China expanded access to the DCE iron ore futures to international investors in May 2018.