CommoditiesHigher prices due to global conflicts buoy bottom lines, including at key tech suppliersSacks of polyester-making chemicals wait to be shipped from Hengli Petrochemical's refining complex on China's Changxing Island. © ReutersKENJI KAWASEJuly 7, 2026 15:45 JSTTOKYO -- Hengli Petrochemical, a Shanghai-listed parent of a Chinese "teapot" oil refinery sanctioned by the U.S. for alleged dealings with Iran, said its profit more than doubled in the first half of the year, leading a chain of bright preliminary earnings reports from peers in the sector.