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Iron ore futures close lower

 DALIAN, Aug. 14 (Xinhua) — Iron ore futures closed lower on Monday in daytime trading at the Dalian Commodity Exchange (DCE).

   The most active iron ore contract for January 2024 delivery dipped 3 yuan (about 42 U.S. cents) to close at 725 yuan per tonne.

   On Monday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 780,836 lots, with a turnover of about 57.89 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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