????????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??????????,??,??????????,??,????????

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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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