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

2?????

3??????????

4?????

5?????VX

??????????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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