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In Shandong, spot premiums/discounts rebounded from low levels this week. As of Thursday, the average spot premium/discount in Shandong was reported at a discount of 25 yuan/mt. After New Year's Day, suppliers' inventory pressure eased, ending the sell-off, and spot prices increased. However, as the year-end approaches, downstream demand remains insufficient, with most processing material enterprises maintaining low inventory levels. It is expected that the room for spot premium/discount increases next week will be limited.
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