October 13th, news from China
According to the Spotcom AI assistant, Chinese fuel oil 180CST has entered a consolidation phase after the price decrease on October 8th. The latest self-pickup low-sulfur quote range is stable at 7,400-8,000 CNY/ton. Based on the average difference method monitoring, the current fuel oil operation shows a fluctuating and slightly bearish characteristic, with prices at a high level in the recent 1-year cycle. The upside space for price increases is narrowing, and it is recommended that industry players closely monitor the upstream crude oil price fluctuations and downstream demand changes.
I. Latest Spot Price Summary
The latest available data is up to October 12, 2026. It is recommended to refer to real-time data.
October 8, 2026: China’s 180CST low-sulfur fuel oil spot price is quoted at RMB 7,400–8,000 per ton. At China National Petroleum Corporation (CNPC) Qingdao, the price is RMB 7,800 per ton, down RMB 100 per ton from the previous trading day; at CNPC Shanghai, the price is RMB 7,450 per ton, down RMB 200 per ton from the previous session.
October 9, 10, and 12, 2026: The self-pickup low-sulfur 180CST fuel oil quotes in China remained stable at 7400-8000 CNY/ton for three consecutive trading days, with no significant fluctuations in the overall price.
II. Table of Finite Differences
| Mean Difference Indicator | Value on 2026.10.12 | Value on 2026.10.11 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 0 | -15 | + |
| 10-Day Mean Difference (D10) | -37.5 | -30 | - |
| 20-Day Mean Difference (D20) | -1.88 | 3.75 | - |
III. Signal State Determination
The current mean difference change symbol combination is (+, -, -), which belongs to a weak rebound (bearish) signal.
IV. Conclusion on Trend Direction
The current price trend of 180CST fuel oil in China is judged to be fluctuating. Reason: The changes in the 5-day, 10-day, and 20-day moving averages compared to the previous day are not entirely consistent, failing to meet the criteria for a clear upward or downward trend. Overall, there is no clear unilateral trend, with a slightly bearish tendency.
V. Positional Space Reference
Fuel oil prices in China over the past year have been in the 5th tier out of 5 (high position), with limited room for further increases.
VI. 1-Year Price Trend Chart
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
