September 29 report:
1. Mean Deviation Change Table
| Average Difference Indicator | Today’s Value (2026.09.28) (CNY/ton) | Yesterday’s Value (2026.09.27) (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 0 | -2.5 | Up |
| 10-Day Average Difference (D10) | -10 | -10 | Flat |
| 20-Day Average Difference (D20) | 88.12 | 120 | Down |
2. Signal Status Judgment
The three second-order differences did not all move in the same direction as the previous day, indicating a choppy market with characteristics resembling a pullback (slightly bearish).
3. Trend Direction Conclusion
The current PP price trend in China is volatile. Reason: The 5-day moving average difference increased compared to yesterday, the 20-day moving average difference decreased, and the 10-day moving average difference remained unchanged. Since the trends of these three indicators are not fully aligned, they do not meet the criteria for a clear upward or downward signal.
4. Position Space Reference
On the PP60, prices for the 1-day, 3-month, and 1-year cycles are all in the fifth tier (high range), leaving limited room for further upside.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
