Iron ore futures close lower

DALIAN, March 25 (Xinhua) -- iron ore futures closed lower on Monday at the Dalian Commodity Exchange (DCE).

The most active iron ore contract for May delivery dipped 1.5 yuan (about 0.22 U.S.dollars) to close at 611 yuan per tonne.

On Monday, the total trading volume of 9 listed iron ore futures contracts on the exchange was 1,373,418 lots with a turnover of 82.86 billion yuan.

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