October 26 report:
According to the Spotcom AI assistant, the recent spot price of 180CST fuel oil in China first increased and then stabilized. After the quotes in the main sales regions were continuously raised, they entered a sideways consolidation phase. This report is based on an average difference analysis framework, combining the latest spot transactions, moving average indicators, and price percentile data to objectively analyze the subsequent price trend, providing market participants in the industry chain with market references.
I. Table of Finite Differences
| Indicator | Value as of 2026.10.25 | Value as of 2026.10.24 | Direction of Change |
|---|---|---|---|
| 5-day moving average difference D5 | 7.5 | 35.0 | - |
| 10-day moving average difference D10 | 81.25 | 72.5 | + |
| 20-day moving average difference D20 | 59.37 | 48.75 | + |
II. Signal State Determination
The current combination of changes in the three differences compared to the previous day is (－, ＋, ＋), which corresponds to a strong consolidation signal (bullish).
Three, Conclusions on Trend Directions
The current trend is judged to be oscillating (with a bullish bias), the reason being: the single-day change directions of the three mean differences are not entirely consistent, meeting the criteria for an oscillating market. Combined with the pattern of (－, ＋, ＋), it belongs to a strong consolidation phase with a bullish attribute.
Spot market evidence: From October 20 to 23, the self-pickup quotation range for China's 180CST low-sulfur fuel oil increased from 7500-8000 CNY/ton to 7600-8000 CNY/ton. The quotations in Qingdao and Ningbo regions of China National Offshore Oil Corporation (CNOOC) were cumulatively raised by 200 CNY/ton and 100 CNY/ton, respectively, indicating strong support from the spot fundamentals.
IV. Positional Space Reference
The current fuel oil price in China is at the 5th level (high) for the 60-day, 3-month, and 1-year periods, and the room for further increases is relatively limited.
V. 1-Year Trend Chart Display
VI. Data Notes
The most recent available data is up to October 25, 2026, and it is recommended to refer to real-time data.
VII. Risk Disclosure
The above analysis is for reference only and does not constitute trading advice.
