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The reported average spread for wet-process phosphoric acid on November 9 was -16.67 yuan per tonne, calculated from M10 at 7,783.33 yuan and M20 at 7,800 yuan. The narrowing negative spread indicates that the market’s decline in phosphoric acid prices slowed.
The slower decline suggests easing downward price pressure in the Chinese wet-process phosphoric acid market, but the report gives no evidence of a change in supply or demand. No listed commodity directly represents phosphoric acid.
finance.sina.com.cnNov 9, 2026Not 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.
