November 3rd, according to news,
According to the SpotCom AI assistant, the recent price of Chinese fuel oil 180CST has shown a continuous slight upward trend. As of November 2, 2026, the self-pickup quotation range for low-sulfur fuel oil remains at 7,700-8,200 CNY/ton. Based on the average difference method, the current market situation is in a strong rebound (bullish) state, with prices already in the high range of the 1-year cycle. The subsequent upward space is relatively limited. It is recommended to closely monitor international crude oil price fluctuations, China's refined oil regulation policies, and changes in downstream marine fuel demand.
The most recent available data is up to November 2, 2026, and it is recommended to refer to real-time data.
1. Mean Difference Variation Table
| Mean Difference Indicator | Value on November 2, 2026 | Value on November 1, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 47.50 | 17.50 | + |
| 10-Day Mean Difference (D10) | 45.00 | 41.25 | + |
| 20-Day Mean Difference (D20) | 98.12 | 99.37 | - |
2. Signal status judgment
The current deviation change combination is (+, +, -), which belongs to a strong rebound (bullish, rebound nature) signal.
3. Trend Direction Conclusion
The current trend is a bullish consolidation, based on the following reasons: The changes in the three differences compared to the previous day are not entirely consistent, which does not meet the criteria for a clear upward or downward trend, indicating a consolidation phase. Given the combination of (+, +, -), it is determined to be a strong rebound with a bullish bias.
4. Position Space Reference
Fuel oil prices are in the 5th tier (high) of the 1-year cycle, with limited room for further increases.
5. Trend chart display
6. Recent Market Background
Since October 28, the price of 180CST fuel oil has been continuously adjusted upwards, with cumulative quotes from China National Offshore Oil Corporation (CNOOC) in Shanghai and Ningbo regions increasing by 100-150 CNY per ton. The high international crude oil prices and the adjustment of gasoline and diesel prices in China on October 29 have provided strong support to the cost side of fuel oil. On the demand side, the consumption of marine fuel oil remains stable, and the main enterprises are operating normally.
Risk Warning: The above analysis is for reference only and does not constitute trading advice.
