?900?,??????90????????

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??2?????20???????????????? (?)20?,????????????????????????????????????????890??????????/???,????????895?????????/???????????

????????????????????,?????,?????????(?)?2944.046??/??????????????????,COMEX?????2960.8??/??,??3000??????/???????

?90??

20????,?????????????????892??????????/?????????895????????/??892????/???892?/???892?/??????,???????1?,?????90??????????

2025???????????1?????????,?800??????/?????????????2024???????????,?620??/??

?,??1??????????25????????????????????????,???????63???,??836?/????,?????????786????????/?????????

“????????????,????900?????????????????????/????,????????????4000?????”??

2??5?,??,?????????????????????,2024??????479???????????????????,?????2023?24%???,?????,??:?????2615?,??????7%,?????????

???????,?2025??????????????,????,??????????,???????????,??

??7????????

2025???????????????,?????????????

2025???Wind

1?30?,COMEX??3%,??2853.2????????/???????,?2793?????/???????,??1.26%?

1?31?,????????2817???????????????/????,????,COMEX?2862.9???/???????????????

2??5??????,????????2870????????/??,??2877.04?????????/????????????????,??1%;COMEX????2900???????/?,???

2?7??,??????????2886.79??/??,COMEX?2910.60?????????/??????,??

2??10??,??????2910?/????????,??????????????????1.72%;COMEX?2916.5???/???,???????????1%?

2?11??????????????,???2942.71????????/????,COMEX????????????????????????2968.5????????????/?,???

2????????19?,???????,?2946.99???????????????/??????,COMEX????????2964.4?????????/?????

???,2025??,?7???????????

?,???????,?2024????GDP???????????,????,?????????????????????,?????????????????????????,??,???????????,2024???1000??,????????????????,???????????????????,????????,????????????

2???????????????7????,????,?????:?????????????????ETF????????,?????????A?????????????,?????????A??????????????

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2?7???????????????????,??????????????,???????????????????????,????,??????????,?,???

2????????????6????,???2026?3000????/???????????,???,???????????10%??,???????????COMEX???????(EFP)????????????????

??????2????????5?????????,2025??,???,?ETF?????2025??,???

(??????????????????,?????????????????????????:liziman@chinanews.com.cn)(???????????APP)

(?,??????,????,???????????)

????????????????????????????????,?,??????????????????

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??????900?,??????90?????????????

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