Iron ore futures close higher

Iron ore futures closed higher on Tuesday in daytime trading on the Dalian Mercantile Exchange (DCE).

The most active iron ore contract in January 2021 rose 22 yuan (about $ 3.34) to 855 yuan per tonne.

On Tuesday, the total trading volume of 12 iron ore futures contracts on the exchange was 1,147,628 lots with a turnover of 95.3 billion yuan.

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