April 14th News — On April 13th, the European para-xylene (PX) market closed with an increase of $10 per ton, settling at $1,176–$1,178 per ton FOB Rotterdam. Chempricehub's analysis of PX, with a long-short score of +1.5, reported that the spot price of PX in Europe rose by $10 per ton to $1,176–$1,178 per ton FOB Rotterdam, indicating stronger market demand or tightening supply, which is favorable for spot prices. Considering the PX futures market in China (Zhengzhou Commodity Exchange), the recent main contract, such as 2605, closed at 9,014 yuan per ton, showing a slight decline (change of -60.00 yuan per ton). However, the rise in the European market may drive a rebound in global prices, boosting the upward trend of futures contracts. The score of +1.5 reflects a significant increase without being an extreme event, with clear positive signals.
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