Chinese investors are favoring wagers on petrochemicals over base metals, as they trade the fallout from the war in Iran on local futures markets.
The funds that speculated on metals earlier in the year, fanning global rallies in markets from copper to nickel and tin, have switched to contracts more closely linked to the energy disruptions stemming from the Iranian conflict. Even aluminum, one of the metals directly affected by the situation in the Middle East, is treading water in comparison.
