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 January 2021 delivery dipped 10.5 yuan (about 1.6 U.S. dollars) to close at 867.5 yuan per tonne.

On Monday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 1,136,042 lots, with a turnover of 97.35 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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