Chinese demand for thermal coal will rise by 140 million metric tonnes ( mt ) and boost the seaborne coal market despite renewed supply of hydropower , according to a report by Citi Research . Hydropower output fell 1.7 % last year but rebounded 2.9 % in the first half of 2018 , yet that gain may not derail thermal coal demand which has increased 7.3 % in the first seven months of 2018 . Total Chinese power demand rose 8 % YoY in H1 , while consumption in July grew 6.8 % YoY to 648.4 MWh .
Chinese demand for thermal coal could rise by 140 million metric tonnes (mt) and boost the seaborne coal market despite renewed supply of hydropower, according to a report by Citi Research. Hydropower output fell 1.7% last year but rebounded 2.9% in the first half of 2018, yet that gain may not derail thermal coal demand which has increased 7.3% in the first seven months of 2018. Total Chinese power demand rose 9.4% YoY in H1, while consumption in July grew 6.8% YoY to 648.4 MWh.