动力煤价止跌，旺季反弹在即，资金积极布局，煤炭ETF（515220）连续5日净流入超1.7亿元，关注全市场唯一煤炭ETF投资机会

Group 1 - The core viewpoint of the article highlights the rebound of thermal coal prices and the active investment in coal ETFs, with a net inflow of over 170 million yuan for five consecutive days [1] - Guosen Securities predicts a significant reduction in domestic supply by April 2025, with a year-on-year increase of approximately 18 million tons in national raw coal production, but a month-on-month decrease of about 51 million tons [1] - As of May 25, the cumulative production of sample coal mines in May showed a slight year-on-year increase but a minor month-on-month decline [1] Group 2 - In the first four months of 2024, the cumulative national raw coal production reached 1.58 billion tons, reflecting a year-on-year increase of 6.6%, with April's production at 390 million tons, a year-on-year increase of 3.8% but a month-on-month decrease of 11.6% [1] - The coal ETF (code: 515220) is the only coal ETF in the market, tracking the CSI Coal Index (code: 399998), which includes listed companies involved in coal mining, processing, and sales [1] - Investors without stock accounts can consider the Guotai CSI Coal ETF Connect C (008280) and Guotai CSI Coal ETF Connect A (008279) [1]