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A softer US dollar will lend support to aluminum prices. LME aluminum will hover near USD 1,830/mt and move within USD 1,810-1,850/mt on Monday. SHFE 1310 aluminum contract is expected to open higher at RMB 14,350/mt, with prices between RMB 14,320-14,400/mt. In spot market, trading will be light, with spot discount of RMB 0-30/mt and premium of RMB 0-10/mt expected over SHFE 1308 aluminum contract prices. HSBC will announce China’s flash manufacturing PMI for July tomorrow.
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