Goldman: China coal demand to decline

By: Eamonn Sheridan

In news that will put a dampener on AUD today, reports of Goldman Sachs analysts saying Chinese coal demand is to fall this year. China’s seaborne coal imports are predicted to drop for the first time since the global financial crisis of 2007 and 2008 and may continue to decline in the coming years China’s own coal production has spiked Increased investment in Chinese railroads to move its own coal China's air pollution issues also are prompting to improve energy efficiency and diversify its fuel mix A Deutsche Bank report released earlier in the month said there are increasing signs of softer Chinese coal demand growth Coal Guru