????:1?????500:????????

2???????

3?????

4????????

5?????????

?????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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