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Commodities eye

China's push for cleaner energy could push petcoke higher

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A spewing stack of a coking factory is seen in Huaibei, China.   © Reuters

BANGKOK - Chinese president Xi Jinping signed into law a raft of detailed measures designed to reduce the air pollution that is choking his country on Aug. 29. The new rules cover emissions from automobiles to fireworks and the cremation of human bodies.

     In the reams of measures are new regulations on the amount of sulfur that petroleum coke, widely known as petcoke, an essential ingredient used in the production of aluminium, can contain. This could cause fresh headaches for a global aluminium sector already reeling from prices that had fallen to $1,607 per metric ton on Sept. 10 from $2,300 per metric ton in July 2013, according to data from the London Metal Exchange.

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