August 21 news
According to the Spotcom AI assistant, the fuel oil 180CST market report on August 20, 2026, showed that on August 20, the quotations in parts of the Chinese fuel oil market continued to rise. The self-pickup price of low-sulfur 180CST in the Zhongran Qingdao area increased to 6,850 CNY/ton. The average difference indicator released a clear signal of an upward trend, with prices at a mid-high level within a one-year cycle. The upward space may be limited by the high range.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-20) | Yesterday's Value (2026-08-19) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 30.00 | 22.50 | + |
| 10-day Average Difference (D10) | 25.00 | 22.50 | + |
| 20-day Average Difference (D20) | 14.37 | 3.12 | + |
II. Signal State Determination
The changes in the three mean differences all showed positive growth compared to the previous day, meeting the signal criterion of “clear upward trend” in the mean difference method.
III. Conclusion on Trend Direction
The price trend is clearly rising. Reason: The 5-day, 10-day, and 20-day moving averages all showed positive growth compared to the previous day, and the direction of change for all three is completely consistent, meeting the criteria for a clear upward trend; at the same time, the quote for low-sulfur 180CST fuel oil in the Zhongran Qingdao region has been increased by 50 CNY/ton for two consecutive trading days, and the rise in local market transaction prices further supports the upward trend.
IV. Positional Spatial Reference
Fuel oil prices over a 1-year period are at a moderately high level, while the 60-day and 3-month periods are at high levels. Against the backdrop of high price ranges, the short-term upside for prices is relatively limited. Subsequently, it will be necessary to closely monitor the trends of upstream raw materials such as crude oil and changes in downstream demand to determine whether the current price range can be broken.
5. Trend Chart Display
VI. Overview of Market Quotations
On August 20, 2026, the ex-warehouse low-sulfur fuel oil 180CST quote for the Qingdao region of China National Petroleum Corporation was 6,850 CNY per ton, up 50 CNY per ton from the previous trading day.
During the same period, China's 180CST fuel oil self-pickup low sulfur price range was 5900-6400 CNY/ton, and the 120CST fuel oil self-pickup low sulfur price range was 6000-6500 CNY/ton. The market as a whole maintained a stable trend, with some local quotes increasing.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
