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The benchmark has sunk by almost a fifth this quarter on concerns that slowing progress in the US and China, the leading consumers, will damage consumption at a time of robust and expanding supplies. Market metrics — together with the shape of the whole futures curve — indicate conditions fast becoming far less tight. China has offered to engage in talks with the European Commission to handle economic and trade frictions, aiming to keep away from punitive tariffs on its electrical automobiles. The transfer comes as the EU considers lowering proposed tariffs on Tesla and other Chinese EVs. Bescom has …