成本端原油震荡拉锯 短期内对二甲苯或震荡调整

Group 1 - The core viewpoint indicates that the market for paraxylene (PX) is experiencing a slight upward trend, with a recent increase in prices and production capacity utilization [1][2]. - As of December 5, 2025, the main contract for paraxylene futures closed at 6810 yuan/ton, with a weekly price fluctuation of 0.44% [1]. - The trading volume for paraxylene futures increased by 30,865 contracts compared to the previous week, indicating heightened market activity [1]. Group 2 - On December 3, Asian isomer MX prices fell by $3 to $706/ton FOB Korea, while PX prices decreased by $2 to $827/ton FOB Korea and $848/ton CFR China [2]. - On December 4, the spot price for paraxylene was reported at 7000 yuan/ton, reflecting a daily increase of 150 yuan/ton, or 2.19% [2]. - Over the past week, paraxylene prices have cumulatively risen by 200 yuan/ton, marking an increase of 2.94%, and over the past month, the increase has been 300 yuan/ton, or 4.48% [2]. Group 3 - The PX production for the week was recorded at 752,600 tons, showing a week-on-week increase of 0.6% [2]. - The domestic PX average capacity utilization rate was 89.74%, which is an increase of 0.53% from the previous week [2]. - Institutional views suggest that new PX production capacity is expected in the second half of next year, with maintenance in the first half leading to a supply decline, indicating a medium-term bullish outlook for PX [4].