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Iron ore futures close lower

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

The most active iron ore contract for September 2020 delivery dipped 10.5 yuan (about 1.48 U.S. dollars) to close at 594.5 yuan per tonne.

On Tuesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 1,113,796 lots, with a turnover of 66.78 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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