可可、比特币和以太坊 11 月份涨幅超过 35%

可可、比特币和以太坊 11 月份涨幅超过 35%，阿拉比卡咖啡期货上涨近 30%，达到 1977 年以来的最高价格。

Commodities were a mixed bag in November, with some posting strong gains and others moving lower. Among the best performers were cocoa, coffee, Bitcoin, and Ethereum, which all posted over 35% gains. Cocoa was the standout performer, rising by over 36% to reach its highest level since 2024. Coffee futures also soared, rising by nearly 30% to reach their highest price since 1977. Bitcoin and Ethereum both rallied in the wake of the U.S. election, with Bitcoin coming within striking distance of the $100,000 level before pulling back.

11 月份大宗商品走势参差不齐，一些大宗商品大幅上涨，另一些则走低。表现最好的是可可、咖啡、比特币和以太坊，涨幅均超过 35%。可可表现最为突出，上涨超过 36%，达到 2024 年以来的最高水平。咖啡期货也飙升，上涨近 30%，达到 1977 年以来的最高价格。比特币和以太坊在美国大选后双双上涨，比特币在回调之前已经接近 10 万美元水平。

On the other hand, some commodities posted losses in November. Among the worst performers were palladium, which fell by over 10%, and crude oil, which declined by nearly 2%. Palladium was weighed down by a lack of buying interest and concerns about slowing industrial demand. Crude oil prices fell as OPEC+ decided to keep output steady, despite pressure from the U.S. to increase production and lower prices.

另一方面，11 月份部分商品出现亏损。表现最差的是钯金，下跌超过10%，原油下跌近2%。缺乏购买兴趣以及对工业需求放缓的担忧拖累了钯金。尽管美国面临增加产量和降低价格的压力，但由于 OPEC+ 决定保持产量稳定，原油价格下跌。

Overall, the price action in commodities was varied in November, with some commodities posting strong gains and others moving lower. The upcoming OPEC+ meeting and the actions of the new U.S. administration will be key factors to watch in December and 2025.

总体而言，11 月份大宗商品价格走势各异，一些大宗商品大幅上涨，另一些大宗商品则走低。即将举行的 OPEC+ 会议和美国新政府的行动将成为 12 月和 2025 年值得关注的关键因素。