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"China, as the world's largest importer and consumer of iron ore, has the obligation to provide an open, transparent and fair price benchmark reflecting the real supply and demand situation on the global iron ore market," said Li Zhengqiang, chairman of the exchange.

"China strongly stands against some out-of-the-region countries flexing their muscles and making provocations under the name of 'freedom of navigation and flight' that result in tensions," Wei said. 

"Cooperation is the only right choice that our two countries should make," Cui said. "What the interests of our two peoples have put on us is the historical responsibilities to get the China-US relationship right, not the liberty for anyone to make it fail."

"China represents at least 11 percent of global demand (and) is the second-largest market after the US, and it has been the world's fastest-growing market in recent years," he said. "Chinese helium consumers have experienced sharply higher prices and supply allocations, similar to consumers elsewhere in the world."

"China's shale gas production is still expanding despite the energy price crash," said Li Ziyue, an analyst with BloombergNEF.