European APT Market Steady at $2,900-3,250/mtu; Summer Holidays Limit Trading Activity

Published: Jul 16, 2026 19:03

Save

[SMM Tungsten Express] European APT market offers held steady in the $2,900-3,250/mtu range this week, with overall trading remaining light. Market participation was limited due to the summer holiday season, with both buyers and sellers inactive. Mine supply has increased somewhat, weighing on price expectations, though this has yet to be fully reflected in spot transactions. Some traders noted that APT offers near $3,200/mtu appear inflated, with actual deals difficult to achieve, resulting in a market with prices but no buyers. Scrap prices also came under pressure, with European producers accelerating their shift toward recycled scrap material, further weakening demand for primary APT. The market is expected to remain weak and range-bound in the near term, with attention on Chinese price trends and demand recovery post-summer.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

Tungsten Market Stops Falling and Stabilizes, Market Awaits Demand Entry [SMM Comment]

Common.Time.hoursAgo

Jul 20, 2026 17:28

China's tungsten concentrate imports hit a record high in June 2026

[Tungsten Flash] SMM July 20 news: According to customs data, China's tungsten concentrates imports in June 2026 rose 56.6% MoM and 49.9% YoY to 3,227 mt, a record monthly high. The main sources of imports in June were Kazakhstan, Myanmar, North Korea and other countries/regions.

Jul 20, 2026 17:28

Jul 20, 2026 14:53

Chongyi Tungsten Enterprise Lowers Long-Term Contract Prices for Late July

[Tungsten Express] SMM July 20 News: A tungsten enterprise in Chongyi released long-term contract prices for the second half of July. The long-term contract price for 55% wolframite concentrates was executed at 411,000 yuan per standard tonne (65% WO3 basis), and for 55% scheelite concentrates at 410,000 yuan per standard tonne. The ore-side long-term contract price was reduced by 37,000 yuan per standard tonne compared with the first half of July. The long-term contract price for APT (national standard, zero-grade) was executed at 605,000 yuan per mt, down 55,000 yuan per mt from the first half of July.

Jul 20, 2026 14:53