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

????????????????????????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???

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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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