August 11th, according to reports
According to the SpotCom AI assistant, the recent price trend of Chinese fuel oil 180CST has been fluctuating. After the price increase on August 5th, it decreased consecutively on the 6th and 7th, and entered a consolidation phase on the 10th. The mean difference indicator shows that the current signal is a weak rebound with a bearish oscillation, and the price is in the mid-to-high range for the 1-year, 3-month, and 60-day cycles, with limited room for further increases. Subsequent attention should be closely paid to the fluctuations in crude oil prices and changes in downstream demand.
I. Recent Spot Price Fluctuations
August 5: The Chinese fuel oil market saw an increase in prices, with the self-pickup low-sulfur 180CST fuel oil quoted at 6000-6400 CNY/ton; the price in the Shanghai region by China National Offshore Oil Corporation (CNOOC) was 6150 CNY/ton, up 150 CNY/ton from the previous trading day.
August 6: The Chinese fuel oil market is experiencing a downward trend. The spot price for 180CST fuel oil, delivered at the point of pickup with low sulfur content, is quoted at RMB 5,900–6,400 per ton; in the Shanghai region, Zhongran’s quote is RMB 5,900 per ton, down RMB 250 per ton from the previous trading day.
August 7: The Chinese fuel oil market trended downward, with the self-pickup low-sulfur 180CST fuel oil quoted at 5,800-6,400 CNY per ton; China National Offshore Oil Corporation (CNOOC) Shanghai region quoted 5,800 CNY per ton, a decrease of 100 CNY per ton from the previous trading day.
August 10: The Chinese fuel oil market was consolidating, with self-pickup low-sulfur 180CST fuel oil quotes ranging from 5800 to 6400 CNY per ton; the quote in the Zhongran Qingdao area was 6700 CNY per ton, a decrease of 50 CNY per ton from the previous trading day.
II. Analysis of the Mean Difference Index
Mean Difference Variation Table
Difference Type 2026-08-10 Value 2026-08-09 Value Direction of Change
5-day average deviation (current price - 5-day average) -8.75 -20.00 +
10-day moving average difference (5-day moving average - 10-day moving average) -26.25 -16.25 -
20-day average difference (10-day average - 20-day average) -6.25 -0.63 -
Signal Status and Trend Analysis
The current signal indicates a weak rebound (bearish bias), corresponding to the following symbol combination: (+, -, -). The price trend is classified as ranging. Reason: The three moving averages showed inconsistent directions of change compared to the previous day. Specifically, the 5-day moving average narrowed from -20.00 to -8.75 (direction: +), while the 10-day and 20-day moving averages widened from -16.25 and -0.63, respectively, to -26.25 and -6.25 (directions: -). As a result, the market lacks a clear unidirectional driver and is currently in a phase of volatile consolidation.
III. Price, Location, and Spatial Reference
Fuel oil 180CST prices are in the mid-high range for the 1-year, 3-month, and 60-day cycles, with limited upside potential and some room for adjustment.
IV. Trend Chart Display
Five, Industrial Chain Linkages
Upstream related products: shale oil, crude oil; downstream related products: diesel, gasoline, carbon black
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
