??????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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