August 17th, News
According to the SpotCom AI assistant, recent Chinese petroleum coke market prices have shown a mixed trend of increases and decreases. After some companies raised their quotations, there was a slight pullback. As of August 16, the average difference indicator released more signals of resistance to decline. Prices are at a high level for the 60-day and 3-month cycles and in the mid-high range for the 1-year cycle. Short-term resistance to decline is strong, but the room for further increases at the high level is limited. Attention should be paid to the dynamics of the upstream and downstream sectors of the industry chain.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-16) | Yesterday's Value (2026-08-15) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 3.5 | 8 | - |
| 10-day Average Difference (D10) | -2.5 | -11.75 | + |
| 20-day Average Difference (D20) | 44.25 | 56.94 | - |
II. Signal State Determination
The current combination of mean difference change directions is (–, +, –), which matches the characteristics of an anti-dip warning (bullish) signal.
III. Conclusion on Trend Direction
The price trend is judged to be oscillating (with a bullish bias). Reason: The difference between the 5-day and 20-day moving averages narrowed compared to yesterday, while the 10-day moving average difference expanded. The changes in these three indicators are not completely consistent, indicating an oscillating market. Combined with the characteristics of the combination, the market shows strong resistance to declines, and the bulls have a certain advantage. From the perspective of spot company quotes, during the period from August 11-14, companies such as Shandong Tianhong Chemical, Guangrao Zhenghe Petrochemical, and Henan Fengli Petrochemical raised their quotes, with only some companies showing slight adjustments. Overall, the market demonstrates a clear resistance to declines.
IV. Positional Spatial Reference
60-day cycle price position: High, with significant pressure for further increases.
Price position in the 3-month cycle: High; short-term, pay attention to the risk of a pullback.
1 year cycle price position: in the mid-high range, with limited upside potential.
Five, Display of Trend Charts
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
