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 . In July 2018, China consumed 648.4 million MwH of power, up 6.8% year on year, taking China's Jan-July power demand growth rate to 9.0% year on year, the report said. 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 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 .