European APT Offers Drop to $2,700-3,100/mtu Amid Weak Demand and Lower Scrap Prices

Published: Oct 01, 2026 16:46 (GMT+8)

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[SMM Tungsten Express] European APT offer ranges shifted down to $2,700-3,100/mtu this week, retreating from previous levels. Some offers were heard at $2,700-2,750/mtu, with more low-priced quotes emerging, though actual transactions remained thin with no new spot deals concluded. Smelter long-term contract prices held above $3,000/mtu, with existing output largely pre-sold and limited spot availability. Scrap and ore prices fell in tandem, with buyers leaning bearish and a strong wait-and-see atmosphere. Some traders noted that as long as China cannot export feedstock, no new low-priced spot material will emerge, keeping the market in a stalemate. Overall, the APT offer center moved slightly lower, with near-term prices facing downward pressure amid weak demand and softer scrap and ore prices.

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