全市场唯一煤炭ETF（515220）连续3日迎净流入，煤价延续稳中偏强走势

Group 1 - The coal market has seen a net inflow into the only coal ETF (515220) for three consecutive days, with coal prices continuing a stable yet strong trend [1] - Since the fourth quarter, coal prices have risen more than expected due to better-than-expected demand and a general decline in supply [1] - In October, the year-on-year growth rate of thermal power generation reached 7.3%, while domestic raw coal production decreased by 2.3%, and coal imports fell by approximately 9% both year-on-year and month-on-month, indicating an improving supply-demand balance [1] Group 2 - The coal ETF (515220) tracks the CSI Coal Index (399998) and has a scale exceeding 10 billion yuan, with a high dividend yield in the coal sector [1] - As of the end of the third quarter, the 12-month dividend yield exceeded 5.3%, highlighting its value in a declining risk-free interest rate environment [1] - It is suggested to consider gradually accumulating positions in the coal ETF (515220) to seize investment opportunities in the coal sector [1]