April 15th News — On April 14th, the European para-xylene (PX) market closed with an increase of $20 per ton, settling at $1,196–1,198 per ton FOB Rotterdam. Chempricehub's analysis of PX, with a long-short score of 1.5, indicates that the spot price of European para-xylene (PX) rose by $20 per ton to $1,196–1,198 per ton FOB Rotterdam, suggesting tightening regional supply or strengthening demand, which is favorable for spot prices. Combined with data from the Chinese PX futures market, the main contract, such as 2701, closed at 8,384 yuan per ton, up 56 yuan, with open interest increasing by 235 lots, reflecting strengthened bullish sentiment. It is expected that short-term futures prices will continue to rise, supported by spot prices, but the extent of the increase will be constrained by the global supply-demand balance. Therefore, a score of 1.5 (significantly favorable) is assigned.
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