September 23 report:
According to the Spotcom AI assistant, this daily report is based on the latest spot price, average difference indicator system, and industry chain data. Currently, China's 180CST fuel oil spot is in a moderate correction phase, with prices operating in the high range of the past year. There is no clear unilateral upward trend in the short term, and the upside space is limited. The overall market is mainly characterized by consolidation, with spot quotations stabilizing in the range of 7500-8000 CNY/ton.
I. Recent Spot Price Review
On September 22, the self-pickup low-sulfur 180cst fuel oil quotation in China was in the range of 7,500-8,000 CNY/ton, an increase from the 7,200-7,700 CNY/ton range on September 18. After multiple rounds of price increases, the quotations at various stations of China National Offshore Oil Corporation (CNOOC) have entered a phase of consolidation, with normal sales for enterprises.
Note: The latest available data is up to September 22, 2026. It is recommended to refer to real-time data.
II. Table of Finite Differences
| Mean Difference Indicator | Value as of September 22, 2026 | Value as of September 21, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 32.5 | 47.5 | - |
| 10-Day Mean Difference (D10) | 130.0 | 172.5 | - |
| 20-Day Mean Difference (D20) | 338.75 | 331.87 | + |
III. Signal State Determination
The current mean difference change combination is (-, -, +), which meets the definition of a moderate correction (slightly bearish, corrective in nature) signal according to the mean difference method.
IV. Conclusion on Trend Direction
The current price trend is fluctuating, reason: the changes in the three mean differences from the previous day are not entirely consistent, and they do not meet the clear trend determination condition of all being positive or all being negative.
V. Positional Space Reference
Fuel oil 180CST spot price is in the 5th tier (high) range for the 60-day, 3-month, and 1-year periods, with limited room for further increases.
VI. 1-Year Trend Chart Display
VII. Risk Disclosure
The above analysis is for reference only and does not constitute trading advice.
