Market Alert: Conflict Escalation

Chemicals & Strategic Materials Index

Updated: April 1, 2026 — 15:42:03 GMT

Energy & Petrochemical Feedstocks

Energy Brent Crude Oil (Spot)

Strait of Hormuz Risk Premium Integrated

$122.45 / bbl

+28.4% (MTD)

Gas Natural Gas (Dutch TTF)

European shortage due to LNG diversions

€104.20 / MWh

+145% (QoQ)

Feedstock Ethylene (Northeast Asia)

Supply rebalancing amid cracker turnarounds

$1,140 / mt

+5.2%

Industrial Chemicals & Polymers

Methanol Methanol (Middle East)

Iranian production facilities under force majeure

$335.00 / mt

+7.0%

Polymers Polyvinyl Chloride (PVC)

Trade routes paralyzed in Persian Gulf

$1,280 / mt

+33.2%

Solvents Benzene (US Gulf Coast)

Petrochemical chain volatility

$3.85 / gal

+11.5%

Agricultural Chemicals & Fertilizers

Urea Granular Urea (Saudi Arabia)

Major supply disruptions at loading ports

$512.00 / mt

+17.0%

Ammonia Anhydrous Ammonia (Europe)

Input gas costs driving production cuts

$685.00 / mt

+5.0%

Strategic Metals & Safe Havens

Safe Haven Gold (Spot)

Record highs on regional instability

$5,145.24 / oz

+65% (YTD)

Metal Aluminum (LME)

Middle East net surplus under threat

$3,890 / mt

+18.2%

Industrial Silver (Spot)

High-beta tracking of conflict risk

$95.71 / oz

+170% (2-Year)