On January 8, the closing price of para-xylene (PX) in the U.S. market fell by $13 per ton, settling at $938–948 per ton FOB U.S. Gulf. PriceSeek's analysis of PX gave a bearish score of -1.5. The article indicates that the spot price of PX in the U.S. dropped by $13 per ton, with a closing range of $938–948 per ton FOB U.S. Gulf, representing a decline of approximately 1.4%. This reflects an oversupply in the international market or weak demand, exerting downward pressure on spot prices. Combined with PX futures data from the Zhengzhou Commodity Exchange (for example, the settlement price of the main contract 2603 was 7,198 yuan per ton, down by 44 yuan), this spot price decline may intensify bearish sentiment in futures trading, as PX prices are significantly influenced by global supply and demand dynamics. In the short term, futures prices are expected to face downward pressure, and downstream procurement is likely to remain cautious. A score of -1.5 indicates a bearish impact that falls between moderate and significant, with noticeable effects but not reaching extreme levels.
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