On January 15, the closing price of para-xylene (PX) in the European market fell by $5 per ton, settling at $845–847 per ton FOB Rotterdam. PriceSeek's analysis of PX, with a long-short score of -1, reports that the spot closing price of para-xylene (PX) in Europe on January 15 declined by $5 per ton to $845–847 per ton FOB Rotterdam, indicating oversupply or weak demand, which directly exerts downward pressure on spot prices. Combined with futures data, the main PX contract 2603 (Zhengzhou Commodity Exchange) closed at 7,130 yuan per ton, down 68 points, with open interest decreasing by 1,494 lots, reflecting a strengthening bearish sentiment in the market that may further drag down the downward trend of futures prices. The score of -1 reflects a general bearish outlook, as the decline is relatively small (approximately 0.6%) and has not reached a significant impact level.
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