Iron ore futures close higher


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

The most active iron ore contract for January delivery gained 4.5 yuan (0.64 U.S. dollars) to close at 649.5 yuan per tonne. On Thursday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 1.66 million lots, with a turnover of over 105 billion yuan.

As the world’s largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018. Enditem