Dalian: Iron ore futures closed lower on Tuesday during daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract, set for May 2025 delivery, saw a decrease of 9 yuan (approximately 1.25 U.S. dollars), closing at 812 yuan per tonne.
According to Namibia Press Agency, the total trading volume for the 12 listed iron ore futures contracts on the exchange reached 461,064 lots, with a turnover of about 37.63 billion yuan. China, being the world’s largest importer of iron ore, has allowed international investors to participate in the DCE iron ore futures since May 2018.