News on January 08th: The closing prices of the international xylene market on Wednesday (January 7th) are as follows: FOB USG January closing price is 245.25-245.35 cents/gallon, and FOB USG February closing price is 241.25-241.35 cents/gallon. Chempricehub's analysis of mixed xylene gives a long-short score of -1. The spot price of international xylene decreased from 245.25-245.35 cents/gallon in January to 241.25-241.35 cents/gallon in February, a decline of approximately 1.6%, indicating oversupply or weak demand in the market, which is bearish for spot prices. Combined with PX futures data (PX is the main component of mixed xylene), the main contract 2603 closed at 7,286 yuan/ton, down 12 yuan, with open interest decreasing by 2,154 lots, reflecting pessimistic market expectations and potential continued downward pressure on futures prices.
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