August 25 news
Recently, the continuous increase in international crude oil prices has driven up diesel prices at refineries in many regions of China. The spread indicators show that diesel is currently in a strong consolidation phase with a bullish bias, and the prices are in the high range of the 1-year cycle, indicating limited room for further increases. Subsequent attention should be paid to the trends in crude oil prices and changes in supply and demand along the industrial chain.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-24) | Yesterday's Value (2026-08-23) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 58.57 | 73.57 | - |
| 10-Day Average Difference (D10) | 177.27 | 172.12 | + |
| 20-Day Average Difference (D20) | 168.48 | 148.18 | + |
II. Signal State Determination
The current average difference change direction combination is (－, ＋, ＋), which meets the signal of strong consolidation (bullish).
III. Conclusion on Trend Direction
The price trend is oscillating, with the rationale being: the directions of the three differences compared to the previous day are not entirely consistent. The 5-day difference has narrowed, while the 10-day and 20-day differences have widened, indicating a strong consolidation pattern overall. The bullish attribute is clear but has not yet formed a consistent upward trend signal.
IV. Positional Spatial Reference
Diesel prices in China are currently at the 5th level (high position) in the 1-year cycle, indicating limited room for further increases. If there is a lack of continued positive support, the momentum for price increases may gradually weaken.
5. Trend Chart Display
VI. Background of Market Linkage
Recent international crude oil prices have risen for several consecutive days. On August 24, the settlement price of the October contract for U.S. WTI crude oil was $87.06 per barrel, and the settlement price of the October contract for Brent crude oil was $94.39 per barrel. The rise in crude oil prices has led to an increase in diesel quotations from refineries in northeastern China to the range of 7900-8000 CNY per ton, and in northwestern China to the range of 7700-7800 CNY per ton. Previously, Dongming Petrochemical also raised its diesel price by 150 CNY per ton. The upstream of the diesel industry chain is related to fuel oil and crude oil, while the downstream is related to methanol diesel. Price changes in both the upstream and downstream will continue to affect the trend of diesel market prices.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
