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.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-21/eight-months-of-war-turns-china-petrochemical-glut-into-a-crunch)

Sponsored