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A firm US dollar will cause aluminum prices to expand losses. LME aluminum should meet growing resistance at USD 2,100/mt and fluctuate in the band of USD 2,070-2,110/mt on Thursday. SHFE 1305 aluminum contract is expected to open lower at RMB 15,050/mt, with prices between RMB 15,000-15,100/mt. Bearishness in macro side and fundaments will depress aluminum prices, with spot discounts expected between RMB 130-170/mt.
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