全市场唯一煤炭ETF（515220）规模超70亿元，昨日净流入超5.7亿元！

Group 1 - The only coal ETF in the market (515220) has exceeded 7 billion yuan in scale, with a net inflow of over 570 million yuan yesterday [1] - During the last round of supply-side reform in the coal industry, the sector saw a growth of 31.55% by the end of 2017. The current round of reform policies is expected to benefit related industries [1] - Since the supply-side reform began in 2016, outdated production capacity in the coal industry has been continuously eliminated, leading to significant optimization of the production capacity structure [1] Group 2 - The coal industry policy in China is shifting from scale expansion to quality prioritization, with the "anti-involution" policy expected to further control the increase in coal supply [1] - In June, coal imports reached a two-year low, indicating a strong certainty of decline in import volumes [1] - From the demand side, the growth rate of thermal power generation turned positive since late May, with a year-on-year increase of 4.83% in early July [1] Group 3 - The national power load has repeatedly set historical highs, surpassing 1.5 billion kilowatts for the first time on July 16, indicating a potential marginal improvement in electricity demand [1] - The third quarter is expected to maintain high levels of iron and steel production, providing strong support for coking coal demand [1] - The supply-demand dynamics are showing marginal improvement, coupled with the acceleration of the "anti-involution" policy, leading to strong expectations for coal price recovery [1]