Maybe it's worth stepping back a bit and reflecting on what 'balanced market' actually means.
Then we can ask if it's desired by the Chinese.
Here's a definition in the real estate context: https://www.mdregroup.com/what-is-a-balanced-real-estate-market/
Characterised by a healthy balance of supply and demand and price stability.
AL, Pol (quoted by me 75431478 , 75434251) and Aus 75333261 all point to an unbalanced market and Chinese measures to rectify this.
Broadly they each point to very modest quota increases and the need to return value to early stages of the supply chain so that inputs such as Myanmar and MP are viable, as are the separators. I agree with them.
Chemist 75359936 seems to think that market 'balance' is about evening up supply from China vs ROW.
The Chinese certainly don't want that of course.
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