China’s iron ore futures finished lower on Thursday, October 16, 2025. The most-active January 2026 contract on the Dalian Commodity Exchange closed down 7 yuan at 773.5 yuan per tonne. Across 11 listed iron ore contracts, total daytime trading volume reached 511,354 lots, with turnover of approximately 39.39 billion yuan. The DCE opened iron ore futures to international investors in May 2018. Separately, spot indicators in North China were little changed this week. In Tangshan (Hebei), ex‑factory prices for 66% grade iron ore concentrates (dry basis, including tax) were reported at 920–925 yuan per tonne. Market participants cited persistent tightness in local concentrate supply. Local governments in Qian’an and Zunhua recently issued written notices on land‑use rules for iron ore beneficiation enterprises, which industry sources said are contributing to constrained availability. No timetable for any policy adjustments was provided. The futures move came without company‑specific announcements from major seaborne producers, and there were no changes to exchange trading schedules. Price and turnover figures are as reported by the respective exchanges and market data providers on October 16. The above developments reflect intraday trading dynamics in China’s iron ore derivatives market and local spot conditions in Hebei province’s steelmaking hub. Key numerical details: DCE January 2026 contract 773.5 yuan/t; total iron ore futures volume 511,354 lots; turnover about 39.39 billion yuan; Tangshan 66% concentrate 920–925 yuan/t. Sources cited indicate the information was compiled from exchange statistics and industry surveys published Thursday.