?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)

(??,?,??????????????,????????????????)

??????????????,???????????,??????????????????