October 19th, news
According to the Spotcom AI assistant, this report is prepared based on the spot price system and average difference analysis method. The current spot price of 180CST fuel oil in China has remained stable in the range of 7400-8000 CNY/ton for 5 trading days. The short-term trend shows a strong consolidation, with prices at a high level over the past year, leaving limited room for further increases. Subsequently, it will be important to closely monitor the impact of upstream crude oil price fluctuations and changes in downstream terminal demand for diesel and gasoline on fuel oil prices.
Data Explanation
The latest available fuel oil related data in China is up to October 18, 2026. It is recommended to refer to real-time data.
1. Mean Difference Change Table
| Mean Difference Indicator | Value as of October 18, 2026 | Value as of October 17, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 0 | 0 | No change |
| 10-Day Mean Difference (D10) | 20 | 25 | - |
| 20-Day Mean Difference (D20) | -18.75 | -23.75 | + |
2. Signal status determination
The current mean difference change combination is close to the (-,+,+) type, which falls under the category of a strong consolidation (biased towards bullish) signal.
3. Trend Direction Conclusion
Volatility (slightly bullish)
Reason: The directions of the three differences compared to the previous day are not entirely consistent, which does not meet the criteria for a clear upward or downward trend. Therefore, it is judged to be in a fluctuating trend. The long-term difference shows an upward correction, indicating a generally strong consolidation. Recently, the self-pickup low-sulfur 180CST fuel oil spot quotations have remained stable at 7,400-8,000 CNY/ton for four consecutive trading days, also confirming the fluctuating trend.
4. Position Space Reference
Fuel oil is at a high price level in the 1-year cycle, corresponding to the 5th tier out of 5 tiers, with limited room for further increases. The upstream crude oil is also currently at a high price level over the past year, providing strong cost support for fuel oil. However, weak demand for downstream diesel and gasoline limits the upward elasticity of prices.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
