January 13th News — On January 12th, the closing price of para-xylene (PX) in the Asian market rose by USD 6 per ton, settling at USD 873–875 per ton FOB Korea and USD 898–900 per ton CFR China. According to Chempricehub's analysis of PX, the bullish-bearish score stands at 1.5. The spot price of PX in Asia increased by USD 6 per ton, closing at USD 873–875 per ton FOB Korea and USD 898–900 per ton CFR China, indicating strong market demand and tight supply, which directly supports the spot price. Combined with PX futures data from the Zhengzhou Commodity Exchange, the main contract 2603 closed at CNY 7,308 per ton, up by CNY 120 per ton, with a settlement price of CNY 7,318 per ton. The 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.
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