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LME metal prices advanced strongly propelled by positive economic data in euro zone and weakened US dollar. LME aluminum prices closed at USD 2,060/mt, up USD 80/mt, and LME aluminum inventories declined by 4,250mt to 4,561,925mt. The soaring LME aluminum prices stimulated the domestic market confidence, so SHFE aluminum prices are expected to break through the resistance level of RMB 15,500/mt today.
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