ChemPriceHub Key Alert: Analysis of the Impact of Rising Spot Prices for PX in Asia

On February 9, the closing price of the para-xylene (PX) market in Asia rose by $2 per ton, with prices at $875–877 per ton FOB Korea and $900–902 per ton CFR China. According to PriceSeek's analysis of PX, the bullish-bearish score is 1.5. The article indicates that on February 9, the spot price of PX in Asia increased by $2 per ton, with FOB Korea quoted at $875–877 per ton and CFR China at $900–902 per ton. This reflects tight market supply and demand or improved demand, directly benefiting spot prices. In the PX futures market, the main contract, such as 2605 (closing at 7,290 yuan per ton, up 16 yuan per ton), also saw a synchronized increase. Changes in open interest indicate a strengthening bullish sentiment, which is favorable for the futures price trend.