OilChem: Middle East Geopolitical Tensions Trigger Sharp Rise in China BD Prices

A sudden escalation in geopolitical tensions in the Middle East has rattled global chemical markets, driving a steep increase in China butadiene (BD) prices.

Following an Israeli military strike on Iran on February 28, fears of potential supply disruptions from the oil-rich region prompted a sharp price rally, with spot prices climbing more than 4% in a single trading session. Earlier in the week, the butadiene market had been under pressure due to weak