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Iron Ore Futures Close Lower

DALIAN, Oct. 8 (Xinhua) — Iron ore futures closed lower on Tuesday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2025 delivery dipped 19 yuan (about 2.69 U.S. dollars) to close at 783.5 yuan per tonne. On Tuesday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 809,385 lots, with a turnover of about 65.16 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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