August 19th News
According to the SpotCom AI assistant, the recent Chinese fuel oil 180CST market has shown a partial upward trend. The spread indicator shows a clear short-term price increase, with the current price at a mid-high level within a 1-year cycle and at a high level within 60-day and 3-month cycles. Further observation of the market supply and demand is needed to determine the potential for future price changes.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-18) | Yesterday's Value (2026-08-17) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 11.25 | 5 | + |
| 10-day Average Difference (D10) | 23.75 | 20 | + |
| 20-day Average Difference (D20) | -4.38 | -11.88 | + |
II. Signal State Determination
Three differences all changed in the same positive direction compared to the previous day, indicating a clear upward trend.
III. Conclusion on Trend Direction
The price trend is clearly upward. Reasons: The changes in the 5-day, 10-day, and 20-day average differences from the previous day are all positive, which meets the criteria for a clear upward trend according to the average difference method; coupled with the local market support of an increase of 50 CNY/ton in the self-pickup low-sulfur 180CST fuel oil quote in the Qingdao area by China National Offshore Oil Corporation (CNOOC) on August 18, and an increase of 100 CNY/ton in the Shanghai area quote on August 14, the short-term upward trend is clear.
IV. Positional Spatial Reference
Prices are at a mid-to-high level over the 1-year period, and at a high level over the 60-day and 3-month periods. The high-range indicates limited short-term upside potential, so caution is advised regarding the risk of a pullback; the mid-to-high range suggests that there is still some room for medium-term volatility, but the overall upward momentum may be constrained.
5. Trend Chart Display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
