August 19th, news from China
According to the Spotcom AI assistant, the current petroleum coke market in China is showing clear signals of a decline, with all average difference indicators weakening. Prices are at a high level within a 1-year cycle, limiting the potential for further increases, and there is some momentum for subsequent declines. Within the market, some companies' quotes are mixed, with both increases and decreases, but the overall trend, as indicated by the average difference indicators, is clearly downward. It is necessary to continue monitoring the dynamics of supply and demand as well as the upstream and downstream segments of the industry chain.
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) | -19.5 | 0 | - |
| 10-day Average Difference (D10) | -2.5 | 2.5 | - |
| 20-day Average Difference (D20) | 22.62 | 35.06 | - |
II. Signal State Determination
Three moving averages (5-day, 10-day, and 20-day) all changed in a negative direction compared to the previous day, which is a clear signal of a decline.
III. Conclusion on Trend Direction
The price trend is clearly declining. Reason: According to the rules for determining the mean difference method, when the 5-day, 10-day, and 20-day mean differences all change in a completely negative direction compared to the previous day, the price trend is clearly declining. The current indicators meet this determination standard.
IV. Positional Spatial Reference
Petroleum coke prices in China over a 1-year cycle are at a medium-high level, with limited room for increase and some potential for decline.
5. Trend Chart Display
VI. Market Quote Trends
On August 18, Huaxiang Petrochemical's petcoke price was 3,500 CNY/ton, an increase of 70 CNY/ton from the previous trading day; Guangrao Zhenghe Petrochemical Co., Ltd.'s petcoke price was 3,050 CNY/ton, an increase of 30 CNY/ton from the previous trading day; Qirun Petrochemical's petcoke price was 1,903 CNY/ton, a decrease of 20 CNY/ton from the previous trading day.
Recent market quotations from companies in China have shown mixed increases and decreases, but the overall trend reflected by the average difference indicator is downward.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
