August 17th, according to reports
On August 16, 2026, the trends of propylene oxide price differences across various periods showed a divergent pattern. The 5-day average difference remained unchanged, while the 10-day and 20-day average differences both increased. Overall, the market was in a strong consolidation phase with a bullish bias. There was a clear divergence in the price levels across different periods. In the short term, the upward space for mid-to-high prices was limited, while in the medium to long term, the downward space for mid-to-low prices was also limited. The fluctuation range of the market was constrained, and there was no clear unilateral trend at present.
I. Data on Changes in Mean Differences
| Average Difference Type | Today's Value (2026-08-16) | Yesterday's Value (2026-08-15) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 53.33 | 53.33 | Flat |
| 10-Day Average Difference (D10) | -156.66 | -186.66 | + |
| 20-Day Average Difference (D20) | 31.66 | 21.66 | + |
II. Signal State Determination
This period, the changes in the three cycles were not completely unified compared to the previous day, and the market as a whole was in a state of fluctuation. Among them, the 10-day and 20-day averages showed an upward trend compared to yesterday, while the 5-day average remained stable without fluctuations. Multiple short-term and medium-term average indicators improved, and the overall market pattern fell into the category of strong consolidation (biased towards bullish). The bullish forces were relatively dominant, but a unified trend signal has not yet been formed.
III. Trend Direction Conclusions
The current propylene oxide price trend in China is judged to be fluctuating. The specific basis for this judgment is: the changes in the three major average difference indicators are divergent, with the 5-day average difference remaining flat, and only the 10-day and 20-day average differences increasing. The indicators have not formed a unidirectional resonance, failing to meet the criteria for a clear one-sided trend. Considering the overall upward repair of the average differences, the market, in the process of fluctuating adjustments, shows a more prominent bullish sentiment.
IV. Price, Location, and Spatial Reference
From a multi-cycle price position perspective, the Chinese market shows divergent characteristics across multiple cycles, with the fluctuation space of the market being restricted in both directions.
1. Short-term cycle (60 days, 3 months): The current price is in the mid-to-high range, with insufficient short-term upward momentum and relatively limited upside potential.
2. Medium to long-term cycle (1 year): The current price is in the mid-to-lower range, with strong support below, and the downside space is relatively limited.
Overall, the divergence in price positions between short and long cycles has led to a lack of smooth unilateral market trends, with a continued pattern of fluctuation and adjustment. There are clear constraints on both upward and downward movement.
Five, Trend Chart Display
Six, Risk Warning
The above market analysis is based solely on the compilation of technical indicator data and is provided for industry reference only. It does not constitute any investment or trading advice.
