?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)

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