ChemPriceHub Key Alert: U.S. PX Price Decline Exerts Downward Pressure on the Market

On January 15, the closing price of para-xylene (PX) in the U.S. market fell by USD 16 per ton, settling at USD 933–943 per ton FOB U.S. Gulf. PriceSeek’s analysis of PX gave a bearish score of –1.5. The article indicates that the U.S. PX spot price dropped by USD 16 per ton to USD 933–943 per ton FOB, suggesting oversupply or weak demand, which is putting pressure on spot prices. Combined with PX futures data, the main contracts such as 2603 closed at CNY 7,130 per ton (down CNY 68 per ton) and 2605 closed at CNY 7,188 per ton (down CNY 64 per ton), showing significant declines. This reflects heightened bearish sentiment in the market, and futures prices may face further downward pressure. The score of –1.5 is attributed to the substantial price decline and the simultaneous drop in both spot and futures prices, reinforcing bearish expectations.