On May 9, the European para-xylene (PX) market saw its closing price decline by $15/ton on May 8, settling at $1,205–$1,207/ton FOB Rotterdam. According to Chempricehub's PX assessment, the bullish-bearish rating stands at -1.

In the spot market, the decline in European PX closing prices has weakened the external market, which will lower the cost of imported PX for domestic buyers, exerting a generally bearish impact on domestic PX spot prices.

In the futures market, the main PX contract 2607 on the Zhengzhou Commodity Exchange (ZCE) closed at 9,194 yuan/ton on May 8, down 292 yuan/ton from the previous trading day, with open interest decreasing by 9,074 lots. Combined with the bearish influence from the external market, short-term PX futures prices are expected to face downward pressure.