?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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