On February 4th, the closing price of para-xylene (PX) in the Asian market rose by USD 5 per ton, with FOB Korea quoted at USD 877-879 per ton and CFR China at USD 902-904 per ton. PriceSeek's analysis of PX assigns a bullish-bearish score of +2. The article indicates that the spot closing price of para-xylene (PX) in the Asian market increased by USD 5 per ton on February 4th, with FOB Korea at USD 877-879 per ton and CFR China at USD 902-904 per ton, reflecting tight market supply and demand, which is favorable for spot prices. Combined with PX futures data, such as the closing price of the PX2605 contract on the Zhengzhou Commodity Exchange at CNY 7,296 per ton, an increase of CNY 62, and stable open interest, the market outlook appears optimistic, supporting further upward movement in futures prices. Therefore, a significant positive score of +2 is assigned, and investors are advised to focus on long opportunities.
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