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They come from coal, iron ore, nickel ore and grain exporters, such as Australia, Indonesia and the Philippines.

Dalian Commodity Exchange limits iron ore trade volume on September, January contracts.

Western Australian (WA) iron ore developer Strike Resources plans to start shipping lump and fines from its Paulsens East iron ore project in the Pilbara next year.

The iron ore price is project to drop to $55/t fob by the end of this year's final quarter, the Australian treasury said.

Zhanjiang saw a resumption of growth in its economy in the first half of this year after the outbreak of the novel coronavirus (COVID-19) pandemic.

China's Tianjin port saw iron ore imports rise 13.6 percent year-on-year to around 37.86 million tons in the first half of this year, according to Tianjin Customs.

Japan's iron ore imports fell further in June, as domestic steel mills maintained output cuts under pressure from lower manufacturing sector demand because of the Covid-19 pandemic.

UK-Australian mining company BHP has maintained its iron ore production guidance at 276mn-286mn t in the July 2020 to June 2021 financial year.