On January 5, the closing price of para-xylene (PX) in the Asian market fell by USD 9 per ton, settling at USD 860–862 per ton FOB Korea and USD 885–887 per ton CFR China. According to PriceSeek's analysis of PX, the market sentiment score is -1. The article indicates that the spot price of PX in Asia declined by USD 9 per ton, with closing prices dropping to USD 860–862 per ton FOB Korea and USD 885–887 per ton CFR China, suggesting oversupply or weak demand in the market, which exerts downward pressure on spot prices. Combined with futures market data, PX futures contracts (e.g., the main contract 2603 closed at CNY 7,210 per ton, down CNY 72) generally declined. Changes in open interest indicate bearish market expectations, which may further suppress the upward potential of futures prices. Comprehensive analysis suggests that the price decline reflects a trend of easing supply and demand, and the market is expected to remain weak in the short term.
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