October 20th, news
On October 19, the propylene oxide market in China showed a volatile but slightly bullish trend, with the indicator combination being (+, -, +), triggering a retracement (bullish) signal. The 5-day moving average difference was rising, the 10-day moving average difference was falling, and the 20-day moving average difference was rising. The direction of the multi-period moving average differences was not completely unified, indicating a volatile market, but the signal attributes were slightly bullish. In terms of the position across different cycles, the 60-day and 3-month cycle prices were at high levels, and the 1-year cycle price was at a mid-high level, suggesting that the overall price level was relatively high, with limited room for further increases. High upstream propylene prices provided cost support, also narrowing the potential for a downward trend.
1. Mean Difference Change Table
| Indicator | Value as of 2026.10.19 | Value as of 2026.10.18 | Direction of Change |
|---|---|---|---|
| 5-Day Moving Average (D5) | 100.00 | -120.00 | + |
| 10-Day Moving Average (D10) | -30.00 | 30.00 | - |
| 20-Day Moving Average (D20) | 296.67 | 291.67 | + |
2. Signal status determination
The current average difference change combination is (+, -, +), which is a retracement (bullish) signal.
3. Trend Direction Conclusion
The current price trend is oscillating (with a bullish bias), reason: the 5-day, 10-day, and 20-day average differences compared to the previous day are trending upwards, downwards, and upwards respectively. The directions of these three indicators are not entirely consistent, which meets the criteria for an oscillating market, with a signal attribute that is bullish.
4. Positional Space Reference
The 60-day cycle price of propylene oxide is at the 5th level (high), the 3-month cycle price is at the 5th level (high), and the 1-year cycle price is at the 4th level (moderately high). The overall price is at a relatively high level, with limited room for further increases. The high cost of upstream propylene in China provides support, narrowing the potential for price declines.
5. 1-Year Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
