January 28th News — On January 27th, the closing price of para-xylene (PX) in the European market declined by USD 27 per ton, settling at USD 855–857 per ton FOB Rotterdam. According to Chempricehub's analysis of PX, the long-short rating stands at -1.5. The spot price of para-xylene (PX) in Europe fell by USD 27 per ton, closing at USD 855–857 per ton FOB Rotterdam, reflecting oversupply or weak demand in the market, which is bearish for spot prices. Combined with PX futures data from the Zhengzhou Commodity Exchange, the settlement price of the main contract 2603 was CNY 7,336 per ton, with a daily change of -CNY 146.00 per ton and a trading volume of 328,321 lots, indicating a simultaneous decline in the futures market. This news may intensify pressure on futures prices, and it is expected that the market will remain weak in the short term, with attention needed on changes in supply-demand balance.