Dalian: Iron ore futures closed lower on Friday during daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for September 2025 delivery decreased by 1.5 yuan, approximately 21 U.S. cents, ending at 783 yuan per tonne.

According to Namibia Press Agency, Friday’s trading recorded a total volume of 448,878 lots across 12 listed iron ore futures contracts, resulting in a turnover of about 34.74 billion yuan. China, recognized as the largest global importer of iron ore, opened the DCE iron ore futures market to international investors in May 2018, facilitating broader access and involvement in this significant sector.