Iron ore futures close lower

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

The most active iron ore contract for September 2020 delivery lost 29 yuan (about 4.1 U.S. dollars) to close at 736 yuan per tonne.

On Monday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 1,208,007 lots, with a turnover of 89.54 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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