September 21st, news:
On September 20, 2026, the propylene oxide market in China released a clear signal of decline, with the overall market entering a high-level retracement channel. The technical indicators, including the 5-day, 10-day, and 20-day moving averages, are all declining synchronously, fully consistent in direction, meeting the criteria for a clear downward trend. Spot prices from leading companies have generally been lowered, further confirming the bearish market. Currently, both short-term and long-term prices of the product are in the mid-to-high range, with limited upward potential, and the risk of a high-level retracement continues to be released. In the short term, the market is expected to follow a weak downward trend.
1. Average difference change table
| Mean Difference Indicator | Today’s Value (2026.09.20) | Yesterday’s Value (2026.09.19) | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference | -80.00 | 0.00 | - |
| 10-Day Mean Difference | 63.33 | 176.67 | - |
| 20-Day Mean Difference | 928.33 | 960.83 | - |
2. Signal Status Judgment
Clearly identify a downtrend signal
3. Trend Direction Conclusion
A clear downward trend is confirmed for the following reasons: the 5-day, 10-day, and 20-day moving averages all changed in the same direction—downward—compared to the previous day, meeting the criteria for identifying a pronounced decline under the moving-average method. Meanwhile, on the spot market, BinHua Group’s propylene oxide price fell by RMB 300 per ton on September 20 compared with the prior day, and Xinyue Group’s quote decreased by RMB 200 per ton, further validating the downward signal from the moving averages.
4. Positional Space Reference
The 60-day and 3-month cycle prices of propylene oxide are at the 5th level (high), while the 1-year cycle price is at the 4th level (moderately high). Overall, the prices are at a relatively high level, with very limited room for further increases, and there is a high risk of a decline from the current high levels.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
