October 21st, news
On October 20, the propylene oxide market exhibited a choppy trading pattern, currently signaling a weak rebound (bearish bias). From the perspective of the mean‑difference indicators, the 5‑day mean difference is trending upward, while the 10‑day and 20‑day mean differences are declining in tandem; the divergent directions of these indicators align with the characteristics of a ranging market. In terms of price tiers, the 60‑day and 3‑month cycles remain in the fifth tier at elevated levels, with limited room for further upside, while the 1‑year cycle sits in the fourth tier at a moderately high level, facing clear resistance above.
1. Average Difference Change Table
| Difference Type | Today’s Value (2026.10.20) | Yesterday’s Value (2026.10.19) | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | 120.00 | 100.00 | + |
| 10-Day Difference (D10) | -70.00 | -30.00 | - |
| 20-Day Difference (D20) | 281.67 | 296.67 | - |
2. Signal Status Determination
The current signal is a weak rebound (bearish) in China.
3. Trend Direction Conclusion
The current price trend is fluctuating.
Reason: The three successive differences in direction compared to the previous day are (+, -, -), which are not entirely consistent and thus meet the criteria for an oscillation, corresponding to a weak rebound with a bearish bias.
4. Positional Space Reference
Over the 60-day and 3-month cycles, prices are in the fifth tier (high), with limited upside; over the 1-year cycle, prices are in the fourth tier (mid-to-high).
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
