International Xylene Market Closing Situation on Wednesday (January 7):
FOB USG January closing price: 245.25–245.35 cents/gallon.
FOB USG February closing price: 241.25–241.35 cents/gallon.
PriceSeek Analysis of Mixed Xylene:
Bull-Bear Score: -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%. This indicates oversupply or weak demand in the market, exerting downward pressure on 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. This reflects pessimistic market expectations, suggesting that futures prices may continue to face downward pressure.
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