October 23rd, according to news,
According to the SpotCom AI assistant, this daily report is based on the mean difference analysis framework, combining data such as spot quotes for Chinese fuel oil, mean differences, and cyclical price positions in late October 2026. The analysis suggests that the current 180CST fuel oil spot is in a consolidation phase with a slightly bullish trend. The price has reached a high range over the past year, and the upside potential is relatively limited, for reference by industry participants.
Data Note: The latest available data is up to October 22, 2026. It is recommended to refer to real-time data.
I. Table of Finite Differences
| Mean Difference Indicator | Calculated Value as of 2026.10.22 | Calculated Value as of 2026.10.21 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 90.0 | 112.5 | - |
| 10-Day Mean Difference (D10) | 42.5 | 30.0 | + |
| 20-Day Mean Difference (D20) | 27.5 | 12.5 | + |
II. Signal State Determination
The current mean difference change symbol combination is (－, ＋, ＋), which belongs to a strong consolidation (bullish) signal.
III. Conclusions on Trend Directions
The current price trend is oscillating, reason: the direction of change in the three averages compared to the previous day is not entirely consistent, which does not meet the criteria for a clear upward or downward trend, and it exhibits the characteristic of a relatively strong consolidation within an oscillating range.
IV. Positional Spatial Reference
Fuel oil prices for 60-day, 3-month, and 1-year periods in China are all in the 5th tier (high), with limited room for further increases.
Five, Trend Chart Display
Six, Recent Market Quotation Dynamics (Corrected)
October 19, 2026: China’s fuel oil market saw a modest uptick, with 180cst low-sulfur prices at RMB 7,500–8,000 per ton for self‑pickup; in Shanghai, the 180cst low-sulfur price stood at RMB 7,600 per ton, up RMB 150 per ton from the previous trading day.
October 20, 2026: China’s fuel oil market saw a modest uptick, with 180cst low-sulfur prices at RMB 7,500–8,000 per ton for self‑pickup; in Qingdao, China National Petroleum Corporation quoted 180cst low-sulfur at RMB 8,050 per ton, up RMB 50 per ton from the previous trading day.
October 21, 2026: China’s fuel oil market edged higher, with 180cst low-sulfur spot prices at RMB 7,600–8,000 per ton; in Ningbo, Sinopec quoted 180cst low-sulfur at RMB 7,750 per ton, up RMB 50 from the previous trading day; in Qingdao, Sinopec priced 180cst low-sulfur at RMB 8,150 per ton, a RMB 100 increase from the prior session.
October 22, 2026: The Chinese fuel oil market was organized, with the self-pickup low-sulfur 180cst quotation at 7,600-8,000 CNY/ton; in the Zhongran Qingdao area, the self-pickup low-sulfur 180cst quotation was 8,200 CNY/ton, an increase of 50 CNY/ton from the previous trading day.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
