????:1???????????:???????

2????????

3???????

4?????

5????398??

????????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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