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Iron ore futures close higher

Xinhua | Updated: 2020-08-18 17:12
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Imported iron ore is unloaded at Lianyungang Port, Jiangsu province. [Photo by Wang Chun/For China Daily]

DALIAN - Iron ore futures closed higher on Tuesday in daytime trading at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for January 2021 delivery gained 29 yuan ($4.2) to close at 863 yuan per ton.

On Tuesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 942,414 lots, with a turnover of 80.79 billion yuan.

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

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