September 22nd News
According to the SpotCom AI assistant, today's report is based on the mean difference analysis framework, combining the latest spot price and moving average data to analyze the trend of 180CST fuel oil: The current 180CST fuel oil is in a mild correction phase within a volatile market, with an overall bearish trend. The price is in the high range of the past year, with relatively limited upside potential. Market participants should closely monitor the upstream crude oil price fluctuations and changes in downstream demand.
Data Explanation
The latest available data is up to September 21, 2026. It is recommended to refer to real-time data. In terms of spot quotations, the mainstream quotation range for China's 180cst low-sulfur fuel oil on September 21, 2026, was 7500-8000 CNY/ton. Specifically, the quotation in the Zhongran Qingdao area was 7900 CNY/ton, an increase of 50 CNY/ton from the previous trading day.
1. Average Difference Change Table
| Average Difference Type | Value on September 21, 2026 (CNY/ton) | Value on September 20, 2026 (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 47.5 | 67.5 | - |
| 10-Day Average Difference (D10) | 172.5 | 197.5 | - |
| 20-Day Average Difference (D20) | 331.87 | 328.75 | + |
2. Signal Status Determination
When the current three‑point divided difference changes form the combination (–, –, +), it constitutes a mild pullback (bearish, corrective in nature) signal.
3. Trend Direction Conclusion
The current price trend is oscillating.
Reason: The 5-day, 10-day, and 20-day moving averages all exhibit inconsistent directional changes compared to the previous day, failing to meet the criteria for a clear uptrend or downtrend. As a result, the market is trading in a range‑bound pattern, currently in a mildly bearish correction phase.
4. Position Space Reference
Fuel oil prices for 60-day, 3-month, and 1-year periods in China are all at the 5th level (high), with limited room for further increases.
5. Trend chart display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
