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March 10 News: The average spot price of EMM in major production areas was 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, EMM plant offers remained firm, with weak willingness to sell at low prices. Many traders held back from selling and maintained inquiry-based pricing for actual transactions. Demand side, downstream buyers of EMM were cautious, showing low acceptance of high-priced EMM, and spot prices encountered resistance to upward movement.
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