January 16th News: On January 15th, the closing price of para-xylene (PX) in the Asian market fell by USD 16 per ton, settling at USD 856–858 per ton FOB South Korea and USD 881–883 per ton CFR China. Chempricehub Analysis of PX: Bull-Bear Score: -1.5 Reason: The spot price of PX in the Asian market dropped by USD 16 per ton, closing at USD 856–858 per ton FOB South Korea and USD 881–883 per ton CFR China, indicating market oversupply or weak demand, which constitutes a significant bearish factor for spot prices. Combined with PX futures data, such as the settlement price of the 2603 contract at CNY 7,244 per ton (down CNY 68) and the 2605 contract at CNY 7,284 per ton (down CNY 64), it shows that the futures market is under simultaneous pressure. The decrease in open interest for the main contract reflects heightened bearish sentiment among investors. Therefore, the score is -1.5, indicating a significant bearish outlook, with expectations that both spot and futures prices will face downward pressure in the short term.