Iron ore futures finished lower Thursday in daytime trading on the Dalian Commodity Exchange (DCE).
The most active iron ore contract for January 2027 delivery dropped 1.62 percent to close at 669.00 yuan (about 100.22 U.S. dollars) per tonne.
Iron ore futures were launched on the Dalian Commodity Exchange in October 2013 and have since become the world's most actively traded iron ore derivatives contract.
As the world's largest importer of iron ore, China opened the contract to international investors in May 2018, further enhancing its role as a key price benchmark for the global seaborne iron ore market.
China's iron ore futures finish lower Thursday
China's iron ore futures finish lower Thursday
A moving on-stage performance featuring a guard of honor of modern military personnel alongside actors portraying Red Army soldiers and a video montage of some of China's key historical milestones showcased the enduring spirit of the Long March during a televised gala commemorating the 90th anniversary of the Red Army's victory in the epic military campaign on Thursday.
The Long March (1934-1936) was a defining military maneuver undertaken by the Chinese Workers' and Peasants' Red Army, symbolizing endurance and perseverance which ultimately paved the way for the founding of the People's Republic of China in 1949.
Titled "Ode to the Long March," the five-part gala broadcast by the China Media Group (CMG) centers on key historical junctures of the arduous 12,500-kilometer journey.
As the Gala neared its conclusion, the segment entitled "From Victory to Victory" highlighted a series of historical milestones spanning from 1945 –- from the victory of the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War -- to the present day, vividly depicting the enduring Long March spirit that serves as a source of inspiration for China to march toward its goals with confidence, unity and resolve.
Integrating music, dance, drama, and folk art, the performances at the Gala vividly recall the immense hardships the Red Army endured and showcase the firm beliefs held by the Communist Party of China (CPC), even in the face of sacrifice and suffering.
The broadcast followed a commemorative meeting held earlier on Thursday at the Great Hall of the People in Beijing, where Chinese President Xi Jinping delivered an important speech.
The Long March began in October 1934, when 86,000 poorly armed soldiers began a grueling 12,500-kilometer journey across some of the country's harshest terrain to establish a new revolutionary base. The march concluded in October 1936 when three main Red Army forces converged in northwestern China.
Military formations, montage of historical milestones showcase enduring spirit of Long March
