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