冷冬将至，煤炭登场，全市场唯一煤炭ETF（515220）盘中涨超1.5%，规模近130亿元

Core Viewpoint - A significant cold wave has swept across northern China, leading to a temperature drop of over 10°C in regions such as North China and Northeast China, prompting heating measures and increased coal demand [1] Group 1: Weather Impact - The cold wave is expected to bring the lowest temperatures of the year to cities like Harbin, Changchun, and Shenyang, with maximum temperatures dropping to single digits [1] - The main cooling period is identified between the 15th and 19th of the month [1] Group 2: Coal Market Dynamics - The coal market is responding to the increased demand for heating, with winter coal storage operations commencing [1] - Annual long-term contract prices for different grades of thermal coal (Q5500, Q5000, Q4500) have increased by 2 yuan per ton compared to the previous month, with prices at 676 yuan/ton, 615 yuan/ton, and 553 yuan/ton respectively [1] Group 3: Investment Opportunities - The only coal ETF in the market, Coal ETF (515220), tracks the China Securities Coal Index (399998) and offers a high dividend yield, exceeding 5.3% over the past 12 months [1] - In the context of declining risk-free interest rates, the investment value of the coal sector is highlighted, suggesting a strategy of gradual accumulation of Coal ETF (515220) to capitalize on investment opportunities in the coal sector [1]