?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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