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China’s copper smelting acid index fell 15 yuan per tonne week over week to 1,257.5 yuan per tonne on November 6. Prices dropped sharply in Liaoning, Heilongjiang, Hunan and Inner Mongolia, while some areas in eastern and southwestern China remained supported.
The decline points to softer pricing for sulphuric acid in China, an input used in phosphate fertilizer production. The report does not establish a direct supply or demand effect on the listed feed or fertilizer commodities.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.