????????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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