????????????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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