Dalian: Iron ore futures witnessed a decline during Thursday’s daytime trading session at the Dalian Commodity Exchange (DCE). The most active iron ore contract, set for delivery in January 2026, fell by 23.5 yuan, equivalent to approximately 3.29 U.S. dollars, concluding the session at 775 yuan per tonne.

According to Namibia Press Agency, the trading activity on Thursday included 11 listed iron ore futures contracts on the exchange, with a total trading volume reaching 525,750 lots. The turnover for these transactions amounted to roughly 41.36 billion yuan.

China, being the world’s largest iron ore importer, expanded the DCE iron ore futures market to international investors in May 2018. This move aimed to provide more opportunities for global investors and increase the market’s liquidity.