ChemPriceHub Key Alert: Asian PX Prices Drop by USD 10 per Ton

On February 5, the closing price of para-xylene (PX) in the Asian market fell by USD 10/ton, settling at USD 867–869/ton FOB Korea and USD 892–894/ton CFR China. PriceSeek's analysis of PX gives a long-short score of -1.5. In the spot market, the closing price of PX in Asia declined by USD 10/ton to USD 867–869/ton FOB Korea and USD 892–894/ton CFR China, indicating oversupply or weak demand, which constitutes a significant bearish factor for spot prices. In the futures market, the main contract, such as 2605, settled at CNY 7,246/ton, down by CNY 28, with trading volume reaching 219,125 lots and open interest decreasing by 11,874 lots, reflecting intensified bearish sentiment and expectations of further downward pressure on futures prices. The overall score of -1.5 reflects a moderate to significant bearish impact, as although the decline is not extreme, the combination with futures data shows a clear trend of increasing selling pressure.