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ChemPriceHub Alert: Spot price of PX in Asia experiences a slight increase.
Published on 2026-01-04
On January 2, the closing price of para-xylene (PX) in the Asian market rose by $1 per ton, with FOB Korea prices at $869–871 per ton and CFR China prices at $894–896 per ton. PriceSeek's analysis of PX, with a long-short score of +1, indicates that the increase in spot market closing prices reflects stronger spot demand, likely driven by tight supply-demand conditions in Asia or increased downstream procurement, which is favorable for spot prices. Although recent futures contracts, such as 2603 (closing at ¥7,260 per ton on December 31, change -14.00) and 2605 (closing at ¥7,266 per ton, change -26.00), show a short-term downtrend, the rise in spot prices may boost market sentiment. In particular, the higher CFR China prices reflect robust demand in China, which is expected to drive a rebound in near-month futures contracts. The score of +1 (slightly positive) is assigned because, despite the modest increase, it sends a positive signal and provides support for futures prices.