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Iron Ore Futures Close Lower

DALIAN, June 12 (Xinhua) — Iron ore futures closed lower on Monday in daytime trading at the Dalian Commodity Exchange (DCE).

   The most active iron ore contract for September 2023 delivery dipped 14.5 yuan (about 2 U.S. dollars) to close at 785.5 yuan per tonne.

   On Monday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 1,295,899 lots, with a turnover of about 101.86 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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