APT CIF Rotterdam Rises to $3,185/mtu Amid Strong Demand and Tight Supply; European Scrap Prices Decline

Published: Apr 9, 2026 19:11

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[SMM Tungsten Express] As of April 9, SMM data shows APT CIF Rotterdam at $3,150-3,220/mtu, averaging $3,185/mtu, up $35 from last week. Demand remains strong but supply tight, with limited transactions this week and offers concentrated around $3,200/mtu. European scrap market softened: scrap carbide blades at €115-125/kg, averaging €120/kg, down €20 from last week; scrap drill tips at €125/kg. Higher stockpiles from earlier hoarding have increased traders' willingness to sell, leading to lower scrap prices.

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[Tungsten Industry Long-term Contract Information] SMM April 25: The long-term contract prices (VAT-inclusive) for tungsten raw materials in the second half of April from a tungsten company in Guangdong were as follows: 55% wolframite concentrates at 780,000 yuan/standard tonne (65%WO3 basis), down 145,000 yuan/standard tonne (65%WO3 basis) from the first half of April; 55% scheelite concentrates at 779,000 yuan/standard tonne (65%WO3 basis), down 145,000 yuan/standard tonne (65%WO3 basis) from the first half of April; APT at 1.2 million yuan/mt, down 200,000 yuan/mt from the first half of the month. Note: The above prices are inclusive of 13% VAT.

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