October 20th report:
1. Mean Deviation Change Table
| Average Difference Type | Value on 2026-10-19 (CNY/ton) | Value on 2026-10-18 (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference (D5) | 1,000.00 | -1,800.00 | + |
| 10-Day Average Difference (D10) | -6,400.00 | -7,400.00 | + |
| 20-Day Average Difference (D20) | -6,000.00 | -5,150.00 | - |
2. Signal Status Judgment
The current average difference change symbol combination is (+, +, -), which belongs to a strong rebound (bullish, rebound nature) signal.
3. Trend Direction Conclusion
The current price trend is oscillating, reason: the change directions of the three averages compared to the previous day are not entirely consistent, which meets the criteria for oscillation. Overall, it shows characteristics of a rebound-oriented oscillation.
4. Positional 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.
