Iron ore futures closed lower on Thursday in daytime trading at the Dalian Commodity Exchange (DCE).
The most active iron ore contract for September 2023 delivery dipped 20.5 yuan (about 2.97 U.S. dollars) to close at 761.5 yuan per tonne.
On Thursday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 1.07 million lots, with a turnover of 83.82 billion yuan.
As the world’s largest importer of iron ore, China opened DCE iron ore futures to international investors in May 2018.