September 4th news
According to the Spotcom AI assistant, as of September 3, 2026, the spot price of Chinese low-sulfur fuel oil 180CST, after experiencing consecutive increases supported by crude oil costs, has entered a consolidation phase. The current mean difference indicator shows a strong consolidation signal with a bullish bias. The price is at a high level within the nearly 1-year cycle, and the room for further increases is limited. Subsequent attention should be paid to the impact of crude oil price movements and changes in downstream demand on the market trend.
I. Table of Mean Difference Changes
| Average Difference Indicator | Value as of September 3, 2026 (CNY/ton) | Value as of September 2, 2026 (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 102.5 | 117.5 | - |
| 10-day Average Difference (D10) | 60.0 | 46.25 | + |
| 20-day Average Difference (D20) | 71.87 | 63.75 | + |
II. Signal State Determination
The current combination of the three differences compared to the previous day is (－, ＋, ＋), which belongs to a strong consolidation (biased towards bullish) signal.
III. Conclusion on Trend Direction
The current price trend for fuel oil 180CST in China is fluctuating.
Reason: The changes in the 5-day, 10-day, and 20-day periods do not consistently follow the same direction as the previous day, which does not meet the criteria for a clear uptrend or downtrend, but rather fits the characteristics of a consolidation pattern. The strong consolidation signal with a bullish attribute indicates that the support from the bulls is relatively strong during the current consolidation process.
IV. Positional Spatial Reference
Fuel oil prices are at the 5th level (high) in the nearly 1-year cycle of 5 levels in China, with limited room for further increase.
V. Recent Spot Market Fundamentals Reference
Quotation range: As of September 3, 2026, the ex-warehouse quotation range for China’s 180cst low-sulfur fuel oil is RMB 6,400–6,800 per ton, a significant increase from the range of RMB 6,100–6,500 per ton on August 31.
Regional price dynamics: On September 3, the self-pickup low-sulfur 180cst fuel oil quote in the Qingdao area of China National Offshore Oil Corporation (CNOOC) was 7100 CNY/ton, an increase of 100 CNY/ton from the previous trading day; on September 2, the quote in the Shanghai area of CNOOC was 6450 CNY/ton, an increase of 200 CNY/ton from the previous trading day, and the quote in the Hebei area of CNOOC was 6350 CNY/ton, an increase of 100 CNY/ton from the previous trading day; on September 1, the quote in the Ningbo area of CNOOC was 6400 CNY/ton, an increase of 100 CNY/ton from the previous trading day.
Six, Display of Trend Charts
VII. Data Description and Risk Disclosure
The most recent available data is up to September 3, 2026, and it is recommended to refer to real-time data.
The above analysis is for reference only and does not constitute trading advice.
