Hunan, China — China might see a 140 million mt increase in raw coal demand should the currect rate of growth in thermal power continue in months to come, giving the seaborne coal market boost, according to a Citi Research report released Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is despite the fact that hydropower demand has been picking up during this time. For coal demand, one of the key drivers of growth in 2017 was the decline in hydropower output, which experienced negative growth in early 2017 and ended 2017 down 1.7% year on year. Although China’s hydropower output grew 2.9% in the first half of 2018, it may not be able to derail thermal coal generation growth, which rose 7.3% year on year in the first seven months of 2018, the report said. The expected growth in China’s thermal coal […]