Iron ore futures close lower

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

[Ferro-Alloys.com]

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

The most active iron ore contract for September delivery dipped 0.5 yuan (about 7 U.S. cents) to close at 596 yuan per tonne.

On Monday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 922,924 lots, with a turnover of 55.9 billion yuan.

As the world's largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018. (Xinhua)

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