British News Agency

According to CCTV, iron ore futures contracts ended Monday's daytime trading session lower on the Dalian Commodity Exchange (DCE).

The most actively traded iron ore contract, for January 2027 delivery, fell 0.07 percent to close at 674.50 yuan (approximately $101.26) per tonne.

Iron ore futures trading was launched on the Dalian Commodity Exchange in October 2013. Since then, these contracts have become the world's most actively traded iron ore derivatives.

China, the world's largest importer of iron ore, opened the contracts to international investors in May 2018. This move strengthened their role as an important price benchmark in the global seaborne iron ore market.