October 14th report:
1. Mean Deviation Change Table
| Average Difference Type | Today’s Value (CNY/ton) | Yesterday’s Value (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | -6,600 | -6,000 | - |
| 10-Day Average Difference (D10) | -1,500 | 0 | - |
| 20-Day Average Difference (D20) | -2,300 | -2,400 | + |
2. Signal Status Determination
The current deviation change combination is (－, －, ＋), which indicates a mild correction (biased towards bearish, corrective in nature).
3. Trend Direction Conclusion
The current price trend is oscillating. Reason: The directions of change in the three second-order differences are not entirely consistent with those of the previous day, failing to meet the criteria for a clear uptrend or downtrend; therefore, the market is classified as ranging.
4. Location and Spatial Reference
- The 60-day price is at the first tier (low level), with limited downside potential;
- The 1-year cycle price is in the second tier (mid-to-low range).
5. Trend Chart Display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
