Iron ore futures in China close lower
Beijing, November 2 (Hibya) – According to CCTV, iron ore futures traded on the Dalian Commodity Exchange ended the first trading day of the week lower. The most active contract, for January 2027 delivery, fell 0.07 percent to close at 674.50 yuan per tonne.
According to CCTV, iron ore futures traded on China's Dalian Commodity Exchange declined during Monday's daytime trading session.
The most actively traded iron ore contract, for January 2027 delivery, ended the trading day down 0.07 percent at 674.50 yuan (approximately $101.26) per tonne.
Iron ore futures, which began trading in October 2013, are now among the world's most actively traded iron ore derivatives contracts. China, the world's largest importer of iron ore, allowed international investors to trade these contracts in May 2018, helping establish them as an important price benchmark in the global seaborne iron ore market.
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