Iron ore futures closed lower on Monday in daytime trading at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for May 2025 delivery dipped 6.5 yuan (about 91 U.S. cents) to close at 832.5 yuan per tonne.

On Monday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 457,857 lots, with a turnover of about 37.78 billion yuan.

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