Industrial Metals

Reuters reported that China is planning to ban imports of coal with high ash and sulphur content in a bid to combat air pollution. The new regulations are slated to come into effect in 2015.

Reuters reported that China is planning to ban imports of coal with high ash and sulphur content in a bid to combat air pollution. The new regulations are slated to come into effect in 2015.

As quoted in the publication:

China imported about 54 million tonnes of Australian thermal coal and another 13 million tonnes from South Africa in 2013 – most of which would not meet the proposed restrictions on ash and sulphur content.

The policy, previously reported by Reuters, comes as prices on the GlobalCOAL Newcastle index slump to a five-year low amid a supply glut and slowing demand from China, the world’s top importer.

Click here to read the full Reuters article.

MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1801.89+0.36
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

DOWNLOAD FREE REPORTS

×