?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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