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 delivery gained 17 yuan (2.41 U.S. dollars) to close at 584 yuan per tonne.

On Wednesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 1,363,245 lots, with a turnover of 80.14 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