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

????:??????????:?????V

????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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