On February 2, Sinopec Sales Company raised the spot price of para-xylene (PX) by 350 yuan/ton to 7,650 yuan/ton. This price applies to major regions including East China, North China, Central China, and South China. Facilities such as Yangzi Petrochemical and Zhenhai Petrochemical are operating stably with normal sales. This directly reflects tight supply and strong demand in the spot market, constituting a significant positive factor. Combined with PX futures data (e.g., the settlement price of the 2605 contract at 7,514 yuan/ton, up by +38.00), the new spot price of 7,650 yuan/ton is significantly higher than the futures price, forming a contango structure that may drive futures prices further upward. The futures market is highly active (e.g., the 2605 contract recorded a trading volume of 306,410 lots and an open interest of 272,269 lots), with a clear upward price trend. It is expected that short-term futures contracts will follow the spot price increase, benefiting the bullish market.