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The weakening US dollar will help aluminum prices stabilize. LME aluminum should stay within USD 1,890-1,930/mt today. The most actively traded SHFE aluminum contract for October delivery is expected to open near RMB 15,560/mt and hover within RMB 15,500-15,875/mt. A breakthrough at the 60-day moving average is deemed unlikely for the moment. Spot discounts of RMB 20-60/mt will still be heard as supply stays more than demanded. Trading should remain light.
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