供应受限煤价上行，全市场唯一煤炭ETF（515220）涨超2%，规模超130亿元

Group 1 - The core factor driving the upward trend in the coal market is the domestic supply constraint, with coal production declining year-on-year for three consecutive months from July to September following the energy bureau's inspection of overproduction policies [1] - The strict implementation of ecological and environmental protection measures in Inner Mongolia, as a result of the central government's second ecological inspection, has caused disruptions in open-pit mining operations [1] - The upcoming safety production assessments by 22 central inspection teams across 31 provinces and regions in November may further impact coal production due to heightened regulatory scrutiny [1] Group 2 - The coal ETF (515220), which tracks the China Securities Coal Index (399998), has a scale exceeding 13 billion yuan, and the coal sector offers a high dividend yield, with over 5.3% yield in the past 12 months as of September 30 [1] - In the context of declining risk-free interest rates, the investment value of the coal ETF (515220) is highlighted, suggesting a strategy of gradually accumulating positions to capitalize on investment opportunities in the coal sector [1]