?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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