??????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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