Group 1 - The domestic futures market for energy and chemicals showed mixed results, with paraxylene (PX) futures experiencing a slight increase, reaching a high of 6852.0 CNY/ton, reflecting a rise of approximately 1.70% [1] - Recent supply of PX has increased, while PTA operating rates remain stable, leading to a marginal weakening of PX fundamentals. However, terminal demand is expected to recover seasonally in August and September, with an anticipated increase in polyester operating rates [1] - Overall, while terminal demand shows marginal improvement and short-term supply-demand dynamics provide some support, PX valuations have risen significantly since the beginning of the year, suggesting limited upward potential and a likely period of volatility ahead, particularly in the fourth quarter [1] Group 2 - The decline in crude oil prices has led to an overall correction in the energy and chemical sector, with PTA facilities experiencing reduced production due to low processing fees, resulting in limited recovery [2] - Despite the recent tightening of PX supply, the PX-N price spread remains robust at 254 USD, while PX prices in the external market have seen a slight rebound to 833 USD, indicating a continued volatile market environment [2] - The market is expected to remain in a state of fluctuation as stakeholders await changes in PTA facility operations [2]