August 24 news
According to the SpotCom AI assistant, today (August 24, 2026), based on the analysis of the mean difference method, the Chinese 180CST fuel oil market is in a fluctuating state. There is a divergence in the short-term price trend. Considering the price level, the mid-to-high range imposes some limitations on the upward space. Attention should be paid to the impact of the upstream and downstream crude oil, diesel, and other varieties on the market.
China Fuel Oil 180CST Market Daily Report (August 24, 2026)
I. Recent Market Performance Review
Recently, the Chinese fuel oil 180CST market has been in a consolidation phase. On August 18, the quotation from China National Offshore Oil Corporation (CNOOC) in the Qingdao region was 6,800 CNY/ton, an increase of 50 CNY/ton from the previous day; on August 20, the quotation in this region further increased to 6,850 CNY/ton; on August 21, the quotation from CNOOC in the Ningbo region was 6,150 CNY/ton, an increase of 50 CNY/ton from the previous day, with normal sales. As of August 23, the self-pickup low-sulfur quotation range for Chinese fuel oil 180CST remained at 6,000-6,500 CNY/ton.
II. Analysis of the Mean Difference Index
Difference Table of Means
| Average Difference Type | Today's Value (2026-08-23) | Yesterday's Value (2026-08-22) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 15.00 | 27.50 | - |
| 10-day Average Difference (D10) | 38.75 | 38.75 | Flat |
| 20-day Average Difference (D20) | 38.75 | 31.87 | Up |
signal status determination
The current market is in a strong consolidation phase (bullish) within a volatile trend, as the 5-day average difference is declining, the 10-day average difference is flat, and the 20-day average difference is rising. The directions of these three indicators are not entirely consistent, but the medium- and long-term average differences are showing an upward trend, providing bullish support.
Trend Direction Conclusion
Oscillation. Reason: The directions of the three average differences are not entirely consistent (5-day average difference is declining, 10-day average difference is flat, 20-day average difference is rising), which does not meet the criteria for a clear trend. Therefore, it is judged to be an oscillation market, with a short-term bias towards a bullish expectation driven by the rising 20-day average difference.
III. Positional Spatial Reference
Fuel oil prices over a 1-year period are at a moderately high level, with 60-day and 3-month periods at high levels. The current price is in a moderately high range, with limited room for further increases, and there is a need to be cautious of the risk of a pullback from these high levels.
IV. Trend Chart Display
Five, Risk Warning
The above analysis is for reference only and does not constitute trading advice.
