September 10th News
According to the SpotCom AI assistant, the latest data for petroleum coke is as of September 9, 2026. The average difference indicator shows that the market is in a weak rebound state with a bearish fluctuation. Short-term downward pressure still exists. Upstream crude oil prices are high, providing some cost support, but there is a lack of positive drivers on the downstream demand side. Spot market companies have generally lowered their quotations, and there is no clear momentum for an increase in the short term.
This analysis is based on publicly available market data, with the latest obtainable data up to September 9, 2026. It is recommended to refer to real-time data.
1. Mean Difference Variation Table
| Average Difference Type | Value on 2026.09.09 | Value on 2026.09.08 | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | -34.00 | -45.00 | + |
| 10-day Average Difference (D10) | -0.35 | +2.22 | - |
| 20-day Average Difference (D20) | -36.95 | -29.05 | - |
2. Signal Status Judgment
The current three differences combination is (+, -, -), which conforms to the characteristics of a weak rebound (bearish) signal in China.
3. Trend Direction Conclusion
The current price trend is oscillating (with a bearish bias), because the changes in the three averages compared to the previous day are not entirely consistent, which does not meet the criteria for a clear upward or downward trend, indicating an oscillating range. The bearish signals show that the momentum for a short-term rebound is insufficient, and the downward pressure still exists.
4. Position Space Reference
The 60-day price cycle is in the first tier (low level), and there is limited room for a short-term decline.
The 3-month cycle price is in the second tier (mid-to-low range).
The 1-year cycle price is in the 4th tier (mid-to-high range), with upward momentum capped above.
Overall, the upside and downside for petroleum coke are both limited, and the probability of a weaker short-term trend is higher in China.
5. Trend Chart Display
6. Upstream and Downstream References
Upstream: Brent crude oil is currently at highs for both the 60-day and 3-month periods, providing some cost support for petroleum coke.
Downstream: There is no significant positive news for downstream demand such as anhydrous aluminum chloride and glass. Recently, domestic companies have generally lowered their spot market quotes by 50-100 CNY per ton, and the sentiment for shipping goods is moderate.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
