China’s smog crackdown roils niche commodities markets

10 Aug 2017   China, Climate

China’s push for blue skies is roiling supplies and boosting prices of key raw materials from soymeal to ferroalloys as the government ramps up smog checks and forces some factories in the world’s top commodities market to close or suspend operations. With soymeal and gasoline prices surging, Shandong, China’s industrial and agricultural heartland, offered a snapshot into the impact in the market as environmental inspectors started to crisscross the eastern province. Shandong is one of eight provinces and regions now facing a fourth round of inspections by China’s Ministry of Environmental Protection. Soymeal at Rizhao, in Shandong,, has risen almost 3 percent this week, hitting a three-week high of 2,840 yuan ($424.32) per tonne on Wednesday even as a […]

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