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