September 30 report:
1. Mean Difference Change Table
| Average Difference Indicator | Today’s Value (2026.09.29) (CNY/ton) | Yesterday’s Value (2026.09.28) (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 0 | 0 | Flat |
| 10-Day Average Difference (D10) | -7.5 | -10 | Upward |
| 20-Day Average Difference (D20) | 60 | 88.12 | Downward |
2. Signal Status Judgment
The current signal is a rebound (bearish) type of oscillation.
3. Trend Direction Conclusion
The current PP price trend in China is volatile. Reason: The three first-order differences changed in the following directions compared to the previous day—flat, up, and down—respectively. No identical, unidirectional movement was observed, so the criteria for a clear uptrend or downtrend were not met. Consequently, the market is classified as ranging, with a short-term bearish bias.
4. Location and Spatial Reference
PP prices are in the fifth tier (high range) across 60-day, 3-month, and 1-year timeframes, 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.
