Europe Asia News

According to CCTV, iron ore futures contracts on the Dalian Commodity Exchange closed Friday's daytime session with losses.

The most actively traded iron ore futures contract for January 2027 delivery ended the day down 1.78 percent at 718 yuan per tonne, equivalent to approximately 107.06 US dollars.

It was noted that iron ore futures contracts, which began trading on the Dalian Commodity Exchange in October 2013, have since become the world's most actively traded iron ore derivative product.

After China, the world's largest importer of iron ore, opened the contract to international investors in May 2018, its role as an important price benchmark in the global seaborne iron ore market was strengthened.