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

?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???

?????

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

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

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

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

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

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

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