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A softer US dollar will help aluminum prices hold stable. LME aluminum should rise to test resistance at USD 1,900/mt on Friday, with prices between USD 1,880-1,920/mt. SHFE 1306 aluminum contract is expected to open lower at RMB 14,700/mt and move in a RMB 14,650-14,750/mt range. In spot market, spot discounts are expected to narrow to RMB 30-70/mt as delivery date of SHFE 1304 aluminum contracts is approaching. Overall trading will be thin.
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