????:1???????:??qq????

2?????wx

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)

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

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

??:???