Dalian: Iron ore futures closed lower on Wednesday during daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2026 delivery fell by 2 yuan, approximately 28 U.S. cents, to settle at 776 yuan per tonne.

According to Namibia Press Agency, the total trading volume for the 12 listed iron ore futures contracts on the exchange reached 363,882 lots. This activity resulted in a turnover of approximately 27.97 billion yuan. The DCE opened its iron ore futures to international investors in May 2018, solidifying China's role as the world's largest importer of iron ore.