September 7 news
According to the SpotCom AI assistant, the recent Chinese 180CST fuel oil spot market first increased and then stabilized. After supply-side quotes in multiple regions were successively raised at the beginning of September, the market entered a sideways consolidation phase on September 3. Based on the average difference method indicator, the current market is in a deep correction stage, with prices in the high range in recent years. The momentum for further increases is insufficient, and there is a need to be cautious about the risk of a pullback.
Recent Review of Spot Prices in China
On September 1, the self-pickup low-sulfur 180cst fuel oil price in China ranged from 6200 to 6600 CNY/ton, with prices in Ningbo and Shanghai increasing by 50 to 100 CNY/ton on the same day. On September 2, the national price range increased to 6400 to 6800 CNY/ton, with prices in Qingdao, Shanghai, Hebei, and other areas rising by 100 to 200 CNY/ton, with Qingdao reaching 7000 CNY/ton. From September 3-4, the market entered a consolidation phase, with the price range remaining at 6400 to 6800 CNY/ton, except for Qingdao, where the price increased by another 100 CNY/ton on September 3, reaching 7100 CNY/ton.
Note: The latest available data is up to September 6, 2026. It is recommended to refer to real-time data.
Difference Table of Means
| Average Difference Type | Value as of September 6, 2026 | Value as of September 5, 2026 | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 5 | 25 | - |
| 10-day Average Difference (D10) | 86.25 | 88.75 | - |
| 20-day Average Difference (D20) | 88.75 | 84.37 | + |
Signal status determination
The current mean difference change combination is (-, -, +), which constitutes a deep pullback (bearish, pullback nature) signal.
Trend Direction Conclusion
The current price trend is oscillating, reason: the direction of change of the three differences compared to the previous day is not entirely consistent, meeting the criteria for an oscillating trend. Specifically, it is in a deep correction phase with a bearish bias, lacking short-term upward momentum.
Spatial reference of location
Fuel oil prices for 60-day, 3-month, and 1-year periods are all in the 5th tier (high), with limited room for further increases. If a subsequent correction occurs, there is some potential for a downward movement.
1 year trend chart display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
