Dalian: Iron ore futures closed higher on Friday during daytime trading at the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2026 delivery increased by 2 yuan (approximately 28 U.S. cents), closing at 772.5 yuan per tonne.

According to Namibia Press Agency, the total trading volume for the 12 listed iron ore futures contracts on the exchange reached 363,870 lots, generating a turnover of about 27.94 billion yuan. This development highlights the active trading environment and investor interest in iron ore futures.

China, recognized as the world's largest importer of iron ore, opened the DCE iron ore futures to international investors in May 2018. This move was aimed at increasing participation and liquidity in the market, offering a broader platform for global investors to engage with China's dynamic commodity market.