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Iron Ore Futures Close Lower

DALIAN, April 29 (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 2024 delivery dipped 4.5 yuan (about 63 U.S. cents) to close at 874.5 yuan per tonne.

   On Monday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 415,788 lots, with a turnover of about 36.31 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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