Iron ore futures closed higher in trading at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for September 2024 delivery gained 15 yuan (about 2.11 U.S. dollars) to close at 908 yuan per tonne.

 The total trading volume of 12 listed iron ore futures contracts on the exchange was 453,749 lots, with a turnover of about 40.57 billion yuan.

As the world’s largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.