September 7 news
On September 6, 2026, the Chinese propylene oxide market as a whole showed a volatile but bullish and strong consolidation trend. The indicator dimension presented a short-term adjustment and long-term strength pattern, with the 5-day average difference slightly declining, while the 10-day and 20-day average differences both increased, forming a typical bullish consolidation signal. In terms of price cycles, both short-term and medium-term prices are in the high range, with limited upward space, while the annual long-term price is in the mid-range, with relatively balanced room for increases and decreases. Additionally, the fundamental support is evident, with the industry's production volume in August decreasing both month-over-month and year-over-year, leading to a tighter supply. Furthermore, in September, major manufacturers continuously raised their factory prices, with multiple positive factors solidifying the bottom support of the market, making the overall market resilience strong.
1. Average difference change table
| Average Difference Type | Value on September 6, 2026 | Value on September 5, 2026 | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 73.33 | 173.33 | - |
| 10-day Average Difference (D10) | 268.34 | 235.00 | + |
| 20-day Average Difference (D20) | -8.34 | -70.00 | + |
2. Signal Status Determination
The current mean difference change combination is (-, +, +), which is a strong consolidation (bullish) signal.
3. Trend direction conclusion
The current price trend is oscillating (with a bullish bias).
Reason: The changes in the three differences from the previous day are not entirely consistent, which meets the criteria for an oscillating trend. Overall, it is a strong consolidation state with a bullish attribute.
4. Positional Spatial Reference
60-day cycle: at the 5th level (high position), with limited short-term upside space
3-month cycle: Currently in the 5th tier (high level), with limited room for mid-term upward movement.
1 year cycle: In the 3rd tier (median), with relatively balanced long-term upside and downside potential.
Supplementary fundamental reference: In August 2026, China’s propylene oxide production reached 499,800 tons, down 0.64% month-on-month and 5.70% year-on-year. The capacity utilization rate fell to 60.25%, indicating some support on the supply side. Since September, mainstream manufacturers have raised their factory prices for three consecutive rounds, providing short-term price support.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
