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Chempricehub Alert: US PX Spot Price Rises by $7
Published on 2026-01-29
January 27th news: On January 26th, the closing price of para-xylene (PX) in the U.S. market rose by $7 per ton, settling at $980–990 per ton FOB U.S. Gulf. Chempricehub's analysis of PX, with a long-short rating of 1, indicates that the U.S. PX spot price increased by $7 per ton, closing at $980–990 per ton FOB U.S. Gulf, representing an approximate 0.7% rise. This reflects strengthened demand or tightening supply, which is favorable for the spot market. Combined with PX futures data from the Zhengzhou Commodity Exchange, the main contract 2605 for 2026-01-26 rose by 106 yuan per ton to 7,630 yuan per ton, with open interest increasing by 19,255 lots, indicating bullish market sentiment. The rise in U.S. spot prices may transmit to global markets, supporting further upward movement in futures prices. However, as the increase represents routine volatility rather than a significant event, it is rated as a moderate positive.