February 3rd News — On February 2nd, the closing price of para-xylene (PX) in the U.S. market fell by $23 per ton, settling at $943–953 per ton FOB U.S. Gulf. Chempricehub's analysis of PX gave a long-short score of -1.5. The spot price of para-xylene in the U.S. dropped by $23 per ton, closing at $943–953 per ton FOB, reflecting market oversupply or weak demand, which significantly weighed on spot prices. Combined with the settlement price of the main PX futures contract 2605 at 7,306 yuan per ton, down 208 yuan, and a decrease in open interest by 4,819 lots, this indicates a strengthening bearish sentiment in the futures market, increasing downward pressure on prices, which may further drag down short-term futures trends.