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

The most active iron ore contract for September 2020 delivery gained 3.5 yuan (50 US cents) to close at 888 yuan per ton.

On Wednesday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 887,359 lots, with a turnover of 75.45 billion yuan.

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