April 16th — On April 15th, the closing price of para-xylene (PX) in the Asian market rose by USD 35/ton, settling at USD 1215–1217/ton FOB Korea and USD 1240–1242/ton CFR China. Chempricehub’s analysis of PX gave a long-short score of 1.5. The spot price of PX in the Asian market increased by USD 35/ton, with FOB Korea quoted at USD 1215–1217/ton and CFR China at USD 1240–1242/ton, representing an increase of approximately 2.9%. This indicates tight market supply and demand, driven by strong demand or reduced supply. In conjunction with futures performance, the main contract on the Zhengzhou Commodity Exchange (such as the 2605 contract) closed at CNY 9598/ton, rising by CNY 338 for the day (an increase of 3.7%). Trading volume expanded to 505,099 lots, and open interest increased by 6,391 lots, reflecting strong market optimism. The rise in futures prices and active trading further reinforce the upward trend in spot prices. It is expected that PX prices will maintain an upward trajectory in the short term, benefiting both the spot and futures markets.