October 10th, news:
According to the SpotCom AI assistant, as of October 9, 2026, the self-pickup quotation range for Chinese 180CST low-sulfur fuel oil remained at 7,400-8,000 CNY/ton. Through average difference analysis, the current fuel oil price is in a weak rebound and slightly bearish oscillation pattern, with prices at a high point in the 1-year cycle, leaving limited room for further increases. The latest available data is up to October 9, 2026, and it is recommended to refer to real-time data. Below are the specific analysis details:
1. Market Review
On October 8, 2026, the Chinese fuel oil market saw a decline. The self-pickup price for 180CST low-sulfur fuel oil in Qingdao by China National Offshore Oil Corporation (CNOOC) was 7800 CNY/ton, a decrease of 100 CNY/ton from the previous trading day; the self-pickup price for 180CST low-sulfur fuel oil in Shanghai by CNOOC was 7450 CNY/ton, a decrease of 200 CNY/ton from the previous trading day. On October 9, the self-pickup price range for 180CST low-sulfur fuel oil remained at 7400-8000 CNY/ton.
2. Average Deviation Change Table
| Mean Difference Indicator | Value on October 9, 2026 | Value on October 8, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | -45.00 | -60.00 | + |
| 10-Day Mean Difference (D10) | -15.00 | -7.50 | - |
| 20-Day Mean Difference (D20) | 15.62 | 25.00 | - |
3. Signal Status Judgment
The current three deviation change direction combinations are (+, -, -), which aligns with the weak rebound (bearish) signal.
4. Trend Direction Conclusion
The current price trend is oscillating (with a bearish bias). Reason: The changes in the three averages compared to the previous day are not entirely consistent, and do not meet the criteria for a clear upward or downward trend. Therefore, it is judged as oscillating, with signals indicating a weak rebound that has a bearish attribute.
5. Position Space Reference
Fuel oil 1-year cycle price is at the 5th level (high position), with limited room for increase. Under a bearish signal, the probability of a subsequent decline is higher.
6. Trend Chart Display
7. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
