September 8th, news:
1. Mean Deviation Change Table
| Mean Deviation Indicator | Today (2026-09-07) Value | Yesterday (2026-09-06) Value | Direction of Change |
|---|---|---|---|
| D5 (5-day Mean Deviation) | -39.00 | 22.00 | - |
| D10 (10-day Mean Deviation) | 115.00 | 133.50 | - |
| D20 (20-day Mean Deviation) | 27.87 | 14.62 | + |
2. Signal Status Judgment
The current mean difference change combination is (－, －, ＋), which belongs to a deep correction (bearish, corrective nature) signal.
3. Trend Direction Conclusion
The current price trend is oscillating, reason: the direction of change in the three averages compared to the previous day is not entirely consistent, which does not meet the criteria for a clear upward or downward trend, and it is a bearish retracement within the oscillation range.
Fundamental supplementary evidence: Since September, the price of propylene, the core raw material for phenol, has been continuously decreasing. On September 7, the propylene quotation in Shandong region of China dropped by 300-400 CNY per ton in a single day, weakening the cost support and exerting some pressure on the short-term trend of phenol.
4. Position Space Reference
Phenol 60-day cycle price is at a medium level, 3-month cycle price is at a medium-high level, and 1-year cycle price is at a medium level: There is some resistance to short-term increases, and the downward space is also relatively limited. Overall, the potential for both increases and decreases is relatively balanced.
5. Trend chart display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
