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Iron Ore Futures Close Higher

DALIAN, July 3 (Xinhua) — Iron ore futures closed higher on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE).

   The most active iron ore contract for September 2024 delivery gained 21.5 yuan (about 3.01 U.S. dollars) to close at 864 yuan per tonne.

   On Wednesday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 456,530 lots, with a turnover of about 38.62 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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