August 19th, news:
On August 18, 2026, the propylene oxide market in China showed a volatile but bullish and strong rebound pattern. Short-term trends across multiple cycles were divergent; the 5-day and 10-day moving averages increased on a month-over-month basis, while the 20-day moving average slightly declined, failing to form a unified trend signal. The overall market was in a state of rebounding with volatility. In terms of price levels, the annual cycle price of the product was at a moderate level, indicating potential for a phased increase. However, the 60-day and 3-month short-term cycle prices were at high levels, which will limit the upward space of this round of rebound. In the short term, the market may maintain a high-level volatile rebound trend.
I. Multi-period mean difference variation data
This statistic covers the mean differences for the three core cycles of 5 days, 10 days, and 20 days, comparing the data with yesterday to clearly show the short-term market fluctuations. The specific details are as follows:
| Average Difference Type | Today's Value (2026-08-18) | Yesterday's Value (2026-08-17) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 480.00 | 266.67 | + |
| 10-day Average Difference (D10) | 126.67 | -13.34 | + |
| 20-day Average Difference (D20) | 41.66 | 45.00 | - |
The data shows that the short-term and short-cycle differences have increased significantly, indicating a stronger momentum for short-term buying in the market. However, the 20-day difference in the medium to long term has slightly declined, suggesting limited support for sustained market performance. The trends across multiple cycles show divergent characteristics.
II. Market Signal Status Determination
The current propylene oxide market signal in China is defined as: strong rebound (bullish, rebound nature). The short-term rebound sentiment in the market is heating up, with prices showing a phased increase, but it is not a trend of a one-sided rise. Overall, it is mainly a corrective rebound.
III. Conclusions on the Overall Trend Direction
Today, the overall trend of the Chinese propylene oxide market is a fluctuating trend, belonging to a strong rebound type in a fluctuating market. The key basis for this judgment is: the change directions of the three major cycles on the day show a (+, +, -) differentiation pattern. The short-term moving average supports the rebound trend, but the long-term moving average slightly weakens. The trends of multiple cycles have not formed a resonance, and there are no conditions for a one-sided rise or fall. Therefore, the market as a whole maintains a fluctuating and rebounding trend with a bullish bias.
IV. Reference for Price Levels and Upside/Downside Potential
From a long and short-term perspective, the price fluctuations of propylene oxide show a clear differentiation. In the long term, the 1-year cycle price is in the middle range historically, with the overall valuation of the industry being reasonable, without significant overvaluation or undervaluation, leaving room for a phased price increase. In the short term, the 60-day and 3-month cycle prices have reached a high level, with the market's bullish momentum gradually weakening. Coupled with the increased sentiment of waiting at high levels, the space for further short-term price increases will be significantly restricted, likely resulting in a pattern of high-level oscillation and small fluctuations.
Five, Trend Chart Display
Six, Risk Warning
This report's data analysis, trend predictions, and spatial forecasts are for market reference only and do not constitute any investment or trading advice. Market conditions are subject to real-time changes due to various factors such as supply and demand, costs, and policies. Trading decisions should be made with caution.
