April 21 — On April 20, the closing price of para-xylene (PX) in the Asian market fell by USD 17 per ton, settling at USD 1,191–1,193 per ton FOB Korea and USD 1,216–1,218 per ton CFR China. Chempricehub's analysis of PX indicates a bearish sentiment score of -1. The spot price decline of USD 17 per ton reflects oversupply or weak demand in the Asian market, putting downward pressure on spot prices. Considering the performance of near-month futures contracts, the price drop may further strengthen bearish sentiment, with futures prices expected to follow the downward trend. Investors should remain cautious of short-term downside risks.
Comments
0