???????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?????????

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2????7?????????,???,???????????????????,???????????????,?????????,??,???????????

2??????6??,?????????2026????3000?/???????,??,??????????10%??????,??COMEX?????????????????(EFP)???

???????????????2???????????????????????5?????,2025?,???,?ETF????????2025??,????

(?,???????:liziman@chinanews.com.cn)(????APP)

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

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