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.

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.

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