????????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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