Iron ore futures closed lower on Friday in daytime trading at the Dalian Commodity Exchange (DCE).
The most active iron ore contract for September 2024 delivery dipped 18.5 yuan (about 2.61 U.S. dollars) to close at 740 yuan per tonne.
On Friday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 847,242 lots, with a turnover of about 64.16 billion yuan.
As the world's largest importer of iron ore, China opened the DCE iron ore futures to international investors in May 2018.
