????????900??????,?90?

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

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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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?????????????900??????,?90??????

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