Diesel futures in New York slipped as slowing Chinese growth threatens global distillate demand. The fuel fell as much as 1 percent after China ’s official Purchasing Managers ’ Index (EC11CHPM) decreased to a six-month low in January as output and orders slowed. U.K. manufacturing also expanded at a lesser pace last month. “Slower economic growth outside the U.S. will result in slower increases in demand for diesel,” said Andy Lipow , president of Lipow Oil Associates LLC in Houston. Ultra low sulfur diesel for March delivery fell 2.58 cents to $2.9713 a gallon at 10:40 a.m. on the New York Mercantile Exchange . Trading volume was 19 percent above the 100-day average. The Chinese Purchasing Managers’ Index was at 50.5, the National Bureau of Statistics and China Federation of Logistics and Purchasing said Feb. 1 in Beijing. In the U.K., the Purchasing Managers’ Index declined to 56.7 last […]