Iron ore futures closed higher on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE).The most active iron ore contract for May 2023 delivery gained 6 yuan (about 89 U.S. cents) to close at 848 yuan per tonne.
On Wednesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 815,088 lots, with a turnover of about 68.41 billion yuan.
As the world’s largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.