November 2nd, news
On November 1, 2026, the propylene oxide market is trading in a volatile range, with signals indicating a mild pullback (bearish, of a corrective nature). The directional changes in the 5-day, 10-day, and 20-day moving averages are divergent, forming a combination of (-, -, +). Price levels across all timeframes remain elevated: the 60-day and 3-month cycles are at high levels, while the 1-year cycle is at a moderately high level. Overall, upside potential is limited, and downward pressure is becoming apparent.
1. Average difference change table
| Difference Type | Today’s Value (2026.11.01) | Yesterday’s Value (2026.10.31) | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | 220 | 280 | - |
| 10-Day Difference (D10) | 200 | 210 | - |
| 20-Day Difference (D20) | 70 | 25 | + |
2. Signal Status Determination
The current signal is a moderate pullback (bearish, corrective nature) in China.
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, meeting the criteria for an oscillating trend. The specific combination of changes is (-, -, +), indicating a mild correction phase with a slightly bearish bias.
4. Positional Space Reference
60-day cycle price is in the 5th tier (high position), 3-month cycle price is in the 5th tier (high position), and 1-year cycle price is in the 4th tier (moderately high position). The overall price level is relatively high, with limited short-term upside potential and some pressure for a pullback.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
