December 31st News — On December 30th, the closing price of para-xylene (PX) in the Asian market rose by $2 per ton, settling at $869–871 per ton FOB Korea and $894–896 per ton CFR China. Chempricehub’s analysis of PX, with a long-short score of 1, noted that the Asian PX spot price increased by $2 per ton to $869–871 per ton FOB Korea and $894–896 per ton CFR China, reflecting improved market demand or tight supply. This modest increase (approximately 0.23%) suggests that the positive factors are moderate rather than significant. The rise in spot prices directly boosts market sentiment, potentially driven by recovering downstream demand or regional supply constraints. Combined with PX futures data from the Zhengzhou Commodity Exchange, the main contract, such as 2603, closed at 7,316 yuan per ton, down 8 yuan for the day. However, the strength in spot prices may support expectations of a future rebound in futures, as futures pricing often references spot trends. Overall, the increase in spot prices generally has a positive impact on PX futures.