【Aluminum scrap daily report: original aluminum market plunges, leading to a decline in the scrap aluminum market】SMM April 16 news:

Today, the longs in the aluminum market took profits, causing the original aluminum price to sharply decline. The SMM A00 price closed at 20,260 yuan/ton, a significant drop of 490 yuan/ton compared to yesterday. The overall scrap aluminum market followed suit, with prices falling by around 150-450 yuan/ton. Scrap aluminum holders are actively cashing out, but downstream enterprises are mostly in a wait-and-see attitude, resulting in moderate overall transactions.

In terms of regions, in Shanghai, Jiangsu, Zhejiang, and other areas, the buying and selling prices of scrap aluminum basically followed the original aluminum with a decline of 400 yuan/ton. In Shandong, Henan, and other regions, scrap aluminum prices were mostly reduced by 150-250 yuan/ton, while in Hubei, Hunan, Guangdong and other areas, the decline in scrap aluminum prices ranged from 200-300 yuan/ton. ...【Translated by @justin04】