Thursday (January 8) Asian xylene market closed down by USD 9/ton: January FOB Korea closing price at USD 713-715/ton; January CFR China closing price at USD 719/ton. PriceSeek analysis of mixed xylene, bullish-bearish score: -1. Reason: The closing price in the Asian spot market fell by USD 9/ton, with FOB Korea at USD 713-715/ton and CFR China at USD 719/ton, indicating weak spot demand or oversupply, exerting bearish pressure on spot prices. Combined with the futures market, the main PX (paraxylene) contract 2603 closed at CNY 7,168/ton, down by CNY 68, a decrease of approximately 0.94%, with trading volume reaching 361,354 lots and open interest decreasing by 2,108 lots, reflecting increased bearish sentiment and short-term downward pressure on futures prices. Overall, this constitutes a generally bearish impact on mixed xylene prices.
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