Iron ore futures close lower-Xinhua

DALIAN, Dec. 31 (Xinhua) — Iron ore futures closed lower on Wednesday in daytime trading at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for May 2026 delivery dipped 4.5 yuan (about 64 U.S. cents) to close at 789.5 yuan per tonne.

On Wednesday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 322,789 lots, with a turnover of about 25.49 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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