August 13 news
According to the Spotcom AI assistant, on August 12, the overall Chinese fuel oil market maintained a consolidation pattern. The self-pickup low-sulfur quotation for 180CST fuel oil in the Zhongran Qingdao area was increased by 50 CNY/ton to 6750 CNY/ton. The mainstream quotation range in China remains at 5800-6400 CNY/ton. The average difference indicator shows that the current market is in a strong rebound (bullish, rebound nature) oscillation state, with prices at a mid-high level within a 1-year cycle. The upside potential is limited, and close attention should be paid to the guidance of upstream crude oil fluctuations and downstream demand changes on the market trend.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (August 12) | Yesterday's Value (August 11) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 13.75 | 0 | + |
| 10-day Average Difference (D10) | -15 | -23.75 | + |
| 20-day Average Difference (D20) | -18.13 | -11.88 | - |
II. Signal State Determination
The current mean difference change direction combination is (+, +, -), which matches the characteristics of a strong rebound (biased towards more, rebound nature) oscillation signal.
III. Trend Direction Conclusions
The price trend is determined to be fluctuating. The reason is that the directions of the three average differences compared to the previous day are not entirely consistent. Specifically, the 5-day and 10-day average differences are expanding positively, while the 20-day average difference is expanding negatively. This does not meet the requirement for a clear upward or downward trend. The current situation is characterized by a strong rebound fluctuation with a bias toward an upward trend.
IV. Positional Spatial Reference
Fuel oil prices over a 1-year cycle are in the mid-to-high range, which suggests limited upside potential. Caution is advised during rebounds due to the risk of pullbacks from high levels.
5. Trend Chart Display
VI. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
