Iron ore futures close lower

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

The most active iron ore contract for May 2023 delivery dipped 22.5 yuan (about 3.28 U.S. dollars) to close at 883 yuan per tonne.

On Monday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 1,072,498 lots, with a turnover of about 94.69 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 Finance Agency