DAILY: China's thermal coal market muted amid sidelined sentiment

China's portside thermal coal market remained muted on Wednesday, as power utilities preferred to take long-term contract coal and imported coal to keep stocks at a safe level.

Coal stocks at power plants stayed at a quite high level currently, with some reporting stocks equivalent for 25-30 days of consumption, Mysteel has learned. This was partly due to relatively low power load before the arrival of strong summer heat waves, as well as plants' zest for term