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

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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