Dalian: Iron ore futures saw an increase during Wednesday’s daytime trading session at the Dalian Commodity Exchange (DCE).

According to Namibia Press Agency, the most active iron ore contract, set for delivery in September 2025, rose by 12 yuan, equivalent to approximately 1.68 U.S. dollars, closing at 722.5 yuan per tonne. On the same day, the exchange recorded a total trading volume of 585,431 lots across 12 listed iron ore futures contracts, amassing a turnover of roughly 41.62 billion yuan.

As the leading importer of iron ore globally, China opened its DCE iron ore futures market to international traders in May 2018, allowing broader participation and influencing global pricing trends.