August 13 news
According to the SpotCom AI assistant, on August 12, some manufacturers in the Chinese petroleum coke market raised their quotes. Companies such as Shandong Tianhong Chemical, Dongfang Hualong, and Qirun Petrochemical increased their prices by 30-175 CNY/ton compared to the previous trading day. The average difference indicator shows that the current market is in a stagnant warning (bearish) oscillation state, with prices at a medium-high level within a 1-year cycle, and at a high level within 60-day and 3-month cycles. The upside potential is limited, and there is a need to be cautious of the risk of a price correction. At the same time, attention should be paid to changes in upstream crude oil and downstream steel, carbon electrodes, and other demand.
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) | -15 | -20.25 | + |
| 10-day Average Difference (D10) | -6.75 | 13.37 | - |
| 20-day Average Difference (D20) | 70.31 | 60.94 | + |
II. Signal State Determination
The current combination of average difference change directions is (+, -, +), which aligns with the characteristics of an oscillation signal for a stagnation warning (bearish) in China.
III. Trend Direction Conclusions
The price trend is judged to be fluctuating, reason: the direction of change in the three average differences compared to the previous day is not entirely consistent. Among them, the 5-day and 20-day average differences are expanding positively, while the 10-day average difference has changed from positive to negative, showing a negative change. This does not meet the requirement for a clear upward or downward trend. The current situation shows a bearish stagnation warning with a fluctuating market.
IV. Spatial Reference
Petroleum coke prices over a 1-year period are in the mid-high range, while 60-day and 3-month period prices are in the high range. This suggests that the upside is limited, and there is a potential risk of a market correction due to stagnation.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
