????:1?2023??QT???????:????????????

2???????????

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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