????????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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