On January 12, the para-xylene (PX) market in Asia closed with an increase of USD 6/ton, settling at USD 873–875/ton FOB Korea and USD 898–900/ton CFR China. According to PriceSeek's analysis of PX, the bullish-bearish score stands at 1.5. The spot price of PX in Asia rose by USD 6/ton, closing at USD 873–875/ton FOB Korea and USD 898–900/ton CFR China, indicating strong market demand and tight supply, which directly supports spot prices. Combined with data from the Zhengzhou Commodity Exchange PX futures, the main contract 2603 closed at CNY 7,308/ton, up by CNY 120/ton, with a settlement price of CNY 7,318/ton. Trading volume reached 397,128 lots, and open interest increased by 5,275 lots, reflecting synchronized bullish sentiment in the futures market and active capital inflows. This reinforces the overall upward price trend, and it is expected that both PX spot and futures prices will maintain an upward trajectory in the short term.