Chinese investors are shifting from base metals to petrochemicals on local futures markets amid the Iran war. Open interest in energy and chemical contracts doubled to 150 billion yuan, while base metals fell to 120 billion yuan. Analysts say energy and petrochemicals are more directly affected by the conflict, making metals less attractive for Chinese funds.

2026-03-19

Chinese investors are shifting from base metals to petrochemicals on local futures markets amid the Iran war. Open interest in energy and chemical contracts doubled to 150 billion yuan, while base metals fell to 120 billion yuan. Analysts say energy and petrochemicals are more directly affected by the conflict, making metals less attractive for Chinese funds.