Iron ore futures close higher


Iron ore futures closed higher on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for September 2021 delivery gained 16.5 yuan (about 2.52 U.S. dollars) to close at 993.5 yuan per tonne.

On Wednesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 537,754 lots, with a turnover of 53.76 billion yuan.

As the world’s largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.

Source: Xinhua

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