Dalian: Iron ore futures experienced an increase in value during Friday's daytime trading session at the Dalian Commodity Exchange (DCE). The most active contract for September 2025 delivery rose by 4.5 yuan, equivalent to approximately 63 U.S. cents, reaching a closing price of 732.5 yuan per tonne.

According to Namibia Press Agency, the total trading volume for the 12 listed iron ore futures contracts on the exchange reached 513,626 lots on Friday. This resulted in a turnover of approximately 37.59 billion yuan, indicating significant trading activity in the market.

China, recognized as the world's largest importer of iron ore, expanded access to the DCE iron ore futures market to international investors back in May 2018. This move aimed to enhance market participation and liquidity, reflecting the country's pivotal role in the global iron ore market.