Eight Months of War Turns China Petrochemical Glut Into a Crunch

AI Summary

China has drawn down a petrochemical surplus accumulated through years of overproduction as the US-Iran war disrupts oil flows. The resulting supply squeeze could lift prices for a range of industrial materials.

China has burned through much of a petrochemicals glut built up by years of overproduction as the US-Iran war chokes oil flows, setting the stage for higher prices for an array of industrial materials.