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July 23 news: The average spot price of EMM in major production areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price was $1,880-$1,920/mt, unchanged MoM. Supply side, EMM plants had weak willingness to sell, and the supply in the spot market was relatively tight. Demand side, buyers' psychological prices were mostly lower than market offers. Coupled with the off-season in downstream demand, actual transactions did not follow up ideally, with fewer inquiries and no obvious fluctuations in the market.
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