On January 12, the closing price of para-xylene (PX) in the U.S. market increased by USD 6 per ton, reaching USD 949–959 per ton FOB U.S. Gulf. PriceSeek’s analysis of PX gave a bullish-bearish score of 1. The report noted that the spot price of PX in the U.S. rose by USD 6 per ton, with a closing price of USD 949–959 per ton FOB U.S. Gulf, indicating strong market demand or tight supply, which is favorable for the spot market. Combined with PX futures data from the Zhengzhou Commodity Exchange (e.g., the closing price of the 2603 contract was CNY 7,308 per ton, with an increase of +CNY 120.00 per ton), the main contracts generally showed an upward trend, reflecting positive influences in the futures market. This is expected to support an upward trend in futures prices.
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