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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