October 21st, according to news from China,
According to the SpotCom AI assistant, as of October 20, 2026, the spot price range for Chinese fuel oil 180CST is 7,500-8,000 CNY/ton. The quotation in the Zhongran Qingdao area reached 8,050 CNY/ton, an increase of 50 CNY/ton from the previous trading day, with prices continuously rising slightly in recent times. Based on the analysis using the average difference method, the current operation of fuel oil is in a strong oscillating pattern, with prices at a high level within a 1-year cycle. The subsequent upward space is relatively limited, and the supply and demand ends need to closely monitor the upstream crude oil price fluctuations and the changes in downstream diesel and gasoline demand.
Fuel Oil 180CST Market Analysis Daily Report
I. Data Description
The latest available data is up to October 20, 2026, and it is recommended to refer to real-time data.
II. Table of Finite Differences
| Mean Difference Indicator | Today’s Value (2026.10.20) | Yesterday’s Value (2026.10.19) | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 32.5 | 30.0 | Up |
| 10-Day Mean Difference (D10) | 18.75 | 18.75 | No Change |
| 20-Day Mean Difference (D20) | -1.88 | -10.63 | Up |
III. Signal State Determination
Currently, the three differences do not completely align in their direction of change, indicating a strong consolidation under a volatile market situation (favoring the bulls).
IV. Conclusion on Trend Direction
The current trend in fuel oil prices is biased towards a bullish consolidation. Reason: The 5-day, 20-day moving averages are higher compared to yesterday, while the 10-day moving average remains unchanged. Since the directions of these three indicators are not completely aligned, they do not meet the criteria for a clear upward or downward trend, thus it is judged as consolidation; however, the short-term moving averages are generally trending upwards, indicating a stronger bullish bias.
V. Positional Space Reference
Fuel oil 1-year cycle price is in the 5th tier (high position), with limited room for increase.
VI. 1-Year Trend Chart Display
VII. Risk Disclosure
The above analysis is for reference only and does not constitute trading advice.
