In midday trade on the Dalian Commodity Exchange, iron ore futures closed higher on Friday (DCE).
The most active iron ore contract for September 2022 delivery rose 42.5 yuan (approximately 6.3 US dollars) to 842.5 yuan per tonne.
On Friday, the total trading volume of the exchange’s 12 listed iron ore futures contracts was 658,871 lots, with a turnover of approximately 54.08 billion yuan.
In May 2018, China, the world’s largest importer of iron ore, opened the DCE iron ore futures to international investors.
