April 13th News — On April 10th, the closing price of para-xylene (PX) in the Asian market fell by USD 20/ton, settling at USD 1143–1145/ton FOB Korea and USD 1168–1170/ton CFR China.

Chempricehub's analysis of PX, with a long-short score of -1.5, indicates that the spot price of PX in Asia declined by USD 20/ton on April 10th. The closing prices were USD 1143–1145/ton FOB Korea and USD 1168–1170/ton CFR China, reflecting an oversupply or weak demand in the market, which directly exerted downward pressure on spot prices.

Combined with PX futures data from the Zhengzhou Commodity Exchange, the settlement price of the main contract 2605 was CNY 9066/ton (down CNY 36), and contract 2606 settled at CNY 9022/ton (down CNY 122). The overall contracts generally declined, and changes in open interest indicated increased bearish pressure, reinforcing expectations of a downward trend in futures prices.

This trend reflects short-term market pessimism, with a score of -1.5 (between moderate bearish and significant bearish), as the decline was notable but not yet extreme.