Dalian: Iron ore futures closed lower on Friday in daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for September 2025 delivery dipped 1.5 yuan (about 21 U.S. cents) to close at 790 yuan per tonne.

According to Namibia Press Agency, the total trading volume of 11 listed iron ore futures contracts on the exchange reached 308,861 lots, with a turnover of about 24.13 billion yuan. China's role as the world's largest importer of iron ore is underscored by the opening of the DCE iron ore futures to international investors in May 2018.