September 11th News
This analysis of gasoline spot prices using the average difference method shows that as of September 10, 2026, the average difference signal for gasoline is a stagnation warning (bearish), with the market in a consolidation range. The current price is at a high level over the past year, with limited upside potential. The continuous strengthening of international crude oil prices supports the upward trend of gasoline quotes, but short-term average difference indicators show a weakening of the upward momentum, and there is a need to be cautious of the risk of a pullback from the high levels.
Post-correction market analysis content
1. Average Deviation Change Table
| Average Difference Type | Value as of Sep 10, 2026 (CNY/ton) | Value as of Sep 9, 2026 (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 232.06 | 74.40 | + |
| 10-day Average Difference (D10) | 49.49 | 58.59 | - |
| 20-day Average Difference (D20) | 309.39 | 293.23 | + |
Note: The data source reflects the most recent available data as of September 10, 2026. It is recommended to refer to real-time data for the most up-to-date information.
2. Signal Status Judgment
The current average difference change combination is (+, -, +), corresponding to a stagflation warning (bearish) signal.
3. Trend Direction Conclusion
The current trend in gasoline prices is fluctuating. Reason: The changes in the 5-day, 10-day, and 20-day moving averages compared to the previous day are not completely consistent, and do not meet the criteria for a clear upward or downward trend, thus it is determined to be a fluctuating trend.
4. Position Space Reference
The current gasoline price in China is in the 5th tier (high range) for the 60-day, 3-month, and 1-year periods, with limited room for further increases and a possibility of a downward adjustment.
5. Fundamental Reference
Recently, international crude oil futures have continued to close higher. On September 9, the settlement price for the October WTI crude oil contract in the U.S. was $96.05 per barrel, up 3.2%; the settlement price for the November Brent crude oil contract was $101.21 per barrel, up 3.4%, indicating strong cost-side support. On September 10, the quoted prices for 92# gasoline at independent refineries in Northeast and Northwest China ranged from 9,800 to 9,900 CNY per ton, while the quoted prices for 95# gasoline ranged from 9,900 to 10,000 CNY per ton; these prices have been rising steadily recently.
6. Trend Chart Display
7. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
