September 20th report:
On September 19, 2026, the propylene oxide market in China showed an overall oscillating and slightly bullish retracement pattern, with different trends in various cycles and no clear unilateral upward or downward trend. In the short term, prices are at a high level, with limited room for further increases. However, the 20-day moving average difference continues to rise in the medium to long term, indicating that the overall market fundamentals remain bullish. In the short term, the market will mainly undergo oscillation and adjustment.
1. Average Difference Variation Table
| Difference Type | Value on 2026-09-19 | Value on 2026-09-18 | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | 0.00 | 0.00 | No Change |
| 10-Day Difference (D10) | 176.67 | 360.00 | - |
| 20-Day Difference (D20) | 960.83 | 905.83 | + |
2. Signal status determination
Currently, this is a ranging (slightly bullish pullback) signal.
3. Trend Direction Conclusion
Trend is ranging. Reason: The 5-day average difference is flat compared to the previous day, the 10-day average difference is down compared to the previous day, and the 20-day average difference is up compared to the previous day. The directions of the three average differences are not completely consistent, which does not meet the criteria for a clear upward/downward trend. Therefore, it is judged to be a ranging trend. However, the 20-day average difference is still trending upwards in the medium to long term, indicating an overall bullish bias.
4. Positional Space Reference
The 60-day and 3-month cycle prices of propylene oxide are both in the 5th tier (high), while the 1-year cycle price is in the 4th tier (upper-middle). The short-term upside is limited.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
