December 31st News
On December 31st, Sinopec Sales Company raised the price of para-xylene (PX) by 500 yuan/ton, with the current execution price set at 7,500 yuan/ton. This price applies to East China, North China, Central China, and South China. Facilities such as Yangzi Petrochemical and Zhenhai Petrochemical are operating stably, with normal sales.
Chempricehub Analysis on PX, Bull-Bear Score: 2
The article reports that on December 31st, Sinopec Sales Company increased the spot price of para-xylene (PX) by 500 yuan/ton to 7,500 yuan/ton, covering East China, North China, Central China, and South China. Facilities such as Yangzi Petrochemical and Zhenhai Petrochemical are operating stably, with normal sales. This indicates tight market supply and strong demand, constituting a significant positive factor for spot prices.
Combined with PX futures data (Zhengzhou Commodity Exchange), the settlement price of the main contract, such as 2605, on December 30th, 2025, was 7,340 yuan/ton. The significant rise in spot prices may drive futures contract prices upward, as the futures market typically follows spot price trends, creating arbitrage opportunities and boosting bullish sentiment. Overall, this has a significant positive impact on the PX commodity market, and futures prices are expected to be supported and rise.