????:1?????????:???????

2???????vx

3?????

4???????????

5??????????

????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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