April 16th News — On April 15th, the closing price of para-xylene (PX) in the U.S. market rose by $35/ton, reaching $1395–1405/ton FOB U.S. Gulf. Chempricehub’s analysis of PX gave a long-short score of +2. The report noted that the spot price of para-xylene (PX) in the U.S. on April 15th increased by $35/ton, closing at $1395–1405/ton FOB U.S. Gulf, a rise of approximately 2.5%. This indicates tight market supply and demand, with strong demand or limited supply providing significant support for spot prices. Combined with PX futures data, contracts on the Zhengzhou Commodity Exchange generally rose that day. For example, the settlement price of the 2605 contract was 9568 yuan/ton, up 338 yuan, with trading volume reaching 505,099 lots and open interest increasing by 6,391 lots, reflecting strong bullish sentiment and improved liquidity. The news of rising spot prices may further boost expectations for futures prices, reinforcing the upward trend. The score of +2 indicates a significant positive development.
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