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Iron Ore Futures Close Higher

DALIAN, May 18 (Xinhua) — Iron ore futures closed higher on Thursday in daytime trading at the Dalian Commodity Exchange (DCE).

   The most active iron ore contract for September 2023 delivery gained 14 yuan (about 2 U.S. dollars) to close at 746.5 yuan per tonne.

   On Thursday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 860,150 lots, with a turnover of about 63.96 billion yuan.

   As the world’s largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.  

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