September 24th report:
According to the Spotcom AI assistant, this analysis is based on the method of mean difference analysis to examine the trend of the 180CST fuel oil spot price in China. Currently, the fuel oil price is at a high level across all periods, showing a mild correction with a slightly bearish fluctuation trend. The upside space is limited, for reference by relevant market participants.
Data Explanation
The latest available data is up to September 23, 2026. It is recommended to refer to real-time data. On September 23, the Chinese fuel oil market showed a weak consolidation. The self-pickup low-sulfur 180cst fuel oil price range was 7,400-8,000 CNY per ton. In the Shanghai region, China National Offshore Oil Corporation (CNOOC) quoted 7,400 CNY per ton for self-pickup low-sulfur 180cst fuel oil, a decrease of 100 CNY per ton from the previous trading day.
1. Mean Difference Change Table
| Mean Difference Indicator | Today’s Value (2026.09.23) | Yesterday’s Value (2026.09.22) | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | -2.5 | 32.5 | - |
| 10-Day Mean Difference (D10) | 85 | 130 | - |
| 20-Day Mean Difference (D20) | 345.62 | 338.75 | + |
2. Signal Status Judgment
The current combination of sign changes in the divided differences is (–, –, +), which aligns with the characteristics of a mild pullback within the oscillation range—indicating a bearish, corrective move.
3. Trend Direction Conclusion
The current price trend is determined to be fluctuating.
Judgment Reason: The change directions of the 5-day, 10-day, and 20-day differences are not entirely consistent with the previous day, which does not meet the criteria for a clear upward or downward trend. Currently, it is in a phase of fluctuation, and under the attribute of a pullback, the overall trend is biased towards the downside.
4. Position Space Reference
From the perspective of the 5-tier price position, the price of 180CST fuel oil is in the 5th tier (high price range, corresponding to the highest 20% price range within the cycle) for 60-day, 3-month, and 1-year periods. The upside potential is limited, and attention should be paid to the risk of subsequent corrections.
5. Trend chart display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
