煤炭ETF（515220）涨近1%，昨日吸金超4亿元

Group 1 - The coal ETF (515220) has stabilized and rebounded, with an intraday increase of nearly 1% [1] - The coal ETF has attracted over 400 million yuan in inflows recently, with a year-to-date share growth of nearly 300%, bringing its current scale to over 10.9 billion yuan [1] - According to Kaiyuan Securities, the current prices of thermal coal and coking coal are still at historical lows, providing room for a rebound [1] Group 2 - The supply-side "overproduction checks" policy is expected to lead to production cuts, while the demand-side anticipates a recovery in non-electric coal demand during the "golden September and silver October" peak season [1] - The fundamental supply-demand situation for coal is expected to continue improving, with both types of coal showing upward price elasticity [1] - Thermal coal benefits from long-term contract mechanisms and the logic of profit-sharing between coal and power companies, while coking coal, being more market-sensitive, may exhibit greater price elasticity [1]