Activity around the fringes cannot disguise the fact that a contract in China is still eagerly awaited by market participants. Negotiations are continuing, but the price seems to be the sticking point. Rumours circulating a couple of weeks ago suggested a volume in the region of 850,000 mt and a possible deal date by the end of November. This still remains a plausible timeline, and for many players in the industry an agreement cannot come soon enough.
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