Average prices in July show a 38% annual increase and were the highest since August 2022

In terms of value, the US$ 346.9 million invoiced in July 2025 represented a 5.5% month-on-month growth and a 51.7% annual increase. The average price in July 2025 was US$ 5,577 per ton, 6.6% higher than in June and 38.2% above July 2024, when it was US$ 4,035 per ton. At the same time, these were the highest values since August 2022, a year of record figures following the start of the Russian invasion of Ukraine.