August 25 news
According to the Spotcom AI assistant, on August 24, 2026, the Chinese 180CST fuel oil market maintained a range-bound consolidation trend. The average spread indicator shows that it is currently in a strong consolidation pattern with a bullish bias. The price is at a medium-high level within a 1-year cycle, and the high price range imposes some constraints on the upside potential. Meanwhile, the latest import and export data from the General Administration of Customs show that the fuel oil export volume in July was higher than the import volume, and the cumulative export volume also exceeded the import volume, providing some support to the market from the supply and demand perspective.
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) | 2.50 | 15.00 | - |
| 10-day Average Difference (D10) | 41.25 | 38.75 | + |
| 20-day Average Difference (D20) | 43.12 | 38.75 | + |
II. Signal Status Determination
The current average difference change symbol combination is (－, ＋, ＋), which belongs to a strong consolidation (bullish) signal.
III. Conclusion on Trend Direction
The price trend is oscillating (with a bias towards strong consolidation). Reason: The 5-day average difference has declined compared to yesterday, but the 10-day and 20-day average differences continue to expand. The directions of change for these three indicators are not entirely consistent, which fits within the range of oscillation. Additionally, the 10-day and 20-day average differences maintain positive growth, indicating a market with a bias towards strong consolidation.
IV. Positional Spatial Reference
Prices have been in the mid-to-high range over the one-year period, and remain at high levels over the 60-day and three-month periods. The high-range indicates limited upside potential; hence, it will be crucial to monitor whether changes in market supply and demand can break through the current resistance at these high levels. If there’s a lack of sustained positive support, prices may continue to fluctuate within the current range.
V. 1-Year Trend Chart
VI. Market Supply and Demand Reference
According to data from the General Administration of Customs of China, in July 2026, China's fuel oil export volume was 1.8683 million tons, and import volume was 1.1238 million tons, with exports exceeding imports; from January to July, cumulative exports reached 12.7343 million tons, and cumulative imports reached 10.4287 million tons, with cumulative exports also exceeding imports. The supply and demand situation shows a certain pattern of excess supply over external demand, providing support for the Chinese market.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
