{"id":614924,"date":"2026-01-14T19:16:53","date_gmt":"2026-01-15T03:16:53","guid":{"rendered":"https:\/\/nai500.com\/?p=614924"},"modified":"2026-01-14T19:16:53","modified_gmt":"2026-01-15T03:16:53","slug":"%e9%94%82%e4%bb%b7-%e4%b8%8a%e6%b6%a8-%e4%b8%a4%e5%b9%b4-%e6%96%b0%e9%ab%98-%e9%94%82%e5%b8%82%e5%9c%ba-%e8%b5%b0%e5%87%ba-%e8%87%b3%e6%9a%97-%e6%97%b6%e5%88%bb%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/01\/%e9%94%82%e4%bb%b7-%e4%b8%8a%e6%b6%a8-%e4%b8%a4%e5%b9%b4-%e6%96%b0%e9%ab%98-%e9%94%82%e5%b8%82%e5%9c%ba-%e8%b5%b0%e5%87%ba-%e8%87%b3%e6%9a%97-%e6%97%b6%e5%88%bb%ef%bc%9f\/","title":{"rendered":"\u9502\u4ef7\u4e0a\u6da8\u521b\u51fa\u4e24\u5e74\u65b0\u9ad8\uff0c\u9502\u5e02\u573a\u662f\u5426\u5df2\u8d70\u51fa\u81f3\u6697\u65f6\u523b\uff1f"},"content":{"rendered":"

2026\u5e74\u521d\uff0c\u9502\u5e02\u573a\u8fce\u6765\u7206\u53d1\u5f0f\u5f00\u5c40\u3002\u7535\u6c60\u91d1\u5c5e\u6807\u6746\u4ef7\u683c\u2014\u2014\u9502\u8f89\u77f3\u62a5\u4ef7\u5df2\u7a81\u7834\u6bcf\u54282000\u7f8e\u5143\u5173\u53e3\uff0c\u521b\u4e0b\u81ea2023\u5e7410\u6708\u4ee5\u6765\u7684\u4e24\u5e74\u591a\u65b0\u9ad8\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u7535\u6c60\u7ea7\u78b3\u9178\u9502\u3001\u6c22\u6c27\u5316\u9502\u4ef7\u683c\u540c\u6b65\u98d9\u5347\uff0cFastmarkets \u5bf9\u4e2d\u65e5\u97e9\u5e02\u573a\u7684CIF\u8bc4\u4f30\u4ef7\u5df2\u7ad9\u4e0a\u6bcf\u54282\u4e07\u7f8e\u5143\u3002\u8fd9\u4e00\u8f6e\u5f3a\u52bf\u4e0a\u6da8\uff0c\u6807\u5fd7\u7740\u9502\u5e02\u573a\u5728\u7ecf\u5386\u4e86\u957f\u8fbe\u6570\u5e74\u7684\u4f4e\u8ff7\u4e0e\u8fc7\u5269\u540e\uff0c\u6b63\u5f0f\u6b65\u5165\u4f9b\u9700\u683c\u5c40\u91cd\u6784\u7684\u65b0\u9636\u6bb5\u3002<\/p>\n

\u57fa\u672c\u9762\u6539\u5584\uff1a\u53bb\u5e93\u5b58\u4e0e\u653f\u7b56\u9884\u671f\u5171\u632f<\/b><\/strong><\/h4>\n

\u6b64\u8f6e\u4e0a\u6da8\u59cb\u4e8e2025\u5e74\u4e0b\u534a\u5e74\u3002\u5728\u7ecf\u5386\u4e86\u4ea7\u80fd\u8fc7\u5269\u3001\u7535\u52a8\u6c7d\u8f66\u9700\u6c42\u4e0d\u53ca\u9884\u671f\u548c\u4ef7\u683c\u6301\u7eed\u627f\u538b\u7684\u201c\u81f3\u6697\u65f6\u523b\u201d\u540e\uff0c\u4f9b\u5e94\u7aef\u5f00\u59cb\u51fa\u73b0\u79ef\u6781\u8c03\u6574\u3002\u4e3b\u8981\u751f\u4ea7\u4f01\u4e1a\u524a\u51cf\u4ea7\u91cf\u3001\u63a8\u8fdf\u9879\u76ee\uff0c\u53e0\u52a0\u4e0b\u6e38\u6301\u7eed\u6d88\u8017\u5e93\u5b58\uff0c\u5e02\u573a\u4f9b\u5e94\u9010\u6b65\u6536\u7d27\u3002\u622a\u81f32026\u5e741\u6708\uff0c\u4e2d\u56fd\u9502\u5e93\u5b58\u5df2\u964d\u81f32024\u5e74\u5e74\u4e2d\u4ee5\u6765\u7684\u6700\u4f4e\u6c34\u5e73\uff0c\u4f7f\u5f97\u5e02\u573a\u5bf9\u9700\u6c42\u53d8\u52a8\u7684\u654f\u611f\u5ea6\u663e\u7740\u63d0\u9ad8\u3002<\/p>\n

\u8fd1\u671f\u4e2d\u56fd\u7684\u653f\u7b56\u8c03\u6574\u8fdb\u4e00\u6b65\u63d0\u632f\u5e02\u573a\u60c5\u7eea\u3002\u8d22\u653f\u90e8\u5ba3\u5e03\uff0c\u81ea2026\u5e744\u6708\u8d77\uff0c\u7535\u6c60\u4ea7\u54c1\u7684\u51fa\u53e3\u589e\u503c\u7a0e\u9000\u7a0e\u7387\u5c06\u4ece9%\u4e0b\u8c03\u81f36%\uff0c\u5e76\u8ba1\u5212\u4e8e2027\u5e741\u67081\u65e5\u8d77\u5b8c\u5168\u53d6\u6d88\u3002\u5c3d\u7ba1\u8be5\u653f\u7b56\u4e0d\u76f4\u63a5\u9002\u7528\u4e8e\u78b3\u9178\u9502\uff0c\u4f46\u5e02\u573a\u666e\u904d\u9884\u671f\u7535\u6c60\u5236\u9020\u5546\u5c06\u5728\u653f\u7b56\u751f\u6548\u524d\u52a0\u901f\u51fa\u53e3\uff0c\u4ece\u800c\u62c9\u52a8\u77ed\u671f\u9502\u6750\u6599\u9700\u6c42\u3002\u53d7\u6b64\u63a8\u52a8\uff0c\u5e7f\u5dde\u671f\u8d27\u4ea4\u6613\u6240\u78b3\u9178\u9502\u4e3b\u529b\u5408\u7ea6\u672c\u5468\u521d\u4e00\u5ea6\u6da8\u505c\uff0c\u6536\u76d8\u62a5\u6bcf\u5428156,060\u5143\u4eba\u6c11\u5e01\uff08\u7ea6\u540822,300\u7f8e\u5143\uff09\uff0c\u8f83\u53bb\u5e74\u4f4e\u70b9\u53cd\u5f39\u8d85160%\u3002<\/p>\n

\u673a\u6784\u96c6\u4f53\u4e0a\u8c03\u9884\u671f \u9700\u6c42\u4fa7\u5448\u73b0\u7ed3\u6784\u6027\u589e\u957f<\/b><\/strong><\/h4>\n

\u968f\u7740\u4ef7\u683c\u6301\u7eed\u8d70\u9ad8\uff0c\u591a\u5bb6\u673a\u6784\u8fd1\u671f\u9646\u7eed\u4e0a\u8c03\u9502\u4ef7\u9884\u6d4b\u3002\u6fb3\u5927\u5229\u4e9a\u5238\u5546Bell Potter\u5c062026\u5e74\u5e95\u9502\u8f89\u77f3\u4ef7\u683c\u9884\u6d4b\u4ece\u6bcf\u5428925\u7f8e\u5143\u5927\u5e45\u4e0a\u8c0389%\u81f31750\u7f8e\u5143\uff0c\u5e76\u5c06Pilbara Minerals\uff08PLS\uff09\u7b49\u5f53\u5730\u9502\u77ff\u4f01\u4e1a\u7684\u80a1\u7968\u8bc4\u7ea7\u4ece\u201c\u5356\u51fa\u201d\u8c03\u5347\u81f3\u201c\u6301\u6709\u201d\u3002\u5c3d\u7ba1\u8fd9\u4e00\u9884\u6d4b\u4ecd\u8f83Barrenjoey\u7b49\u66f4\u4e3a\u4e50\u89c2\u7684\u673a\u6784\u6240\u9884\u671f\u7684\u6bcf\u54283250\u7f8e\u5143\u5b58\u5728\u5dee\u8ddd\uff0c\u4f46\u666e\u904d\u4e0a\u8c03\u7684\u8d8b\u52bf\u53cd\u6620\u51fa\u5e02\u573a\u60c5\u7eea\u5df2\u663e\u7740\u8f6c\u5411\u3002<\/p>\n

\u9700\u6c42\u4fa7\u7684\u7ed3\u6784\u6027\u589e\u957f\u6210\u4e3a\u672c\u8f6e\u5468\u671f\u7684\u6838\u5fc3\u9a71\u52a8\u3002\u9664\u4e86\u7535\u52a8\u6c7d\u8f66\u5e02\u573a\u4fdd\u6301\u97e7\u6027\u5916\uff0c\u50a8\u80fd\u7cfb\u7edf\uff08ESS\uff09\u6b63\u6210\u4e3a\u65e5\u76ca\u91cd\u8981\u7684\u9700\u6c42\u6765\u6e90\u3002Barrenjoey\u62a5\u544a\u6307\u51fa\uff0c\u5f97\u76ca\u4e8e\u8be5\u9886\u57df\u7ecf\u6d4e\u6027\u63d0\u5347\u53ca\u5404\u56fd\u653f\u7b56\u652f\u6301\uff0c2026\u5e74\u5168\u7403ESS\u7535\u6c60\u51fa\u8d27\u91cf\u9884\u8ba1\u5c06\u589e\u957f40%\u3002\u7279\u522b\u662f\u5728\u53ef\u518d\u751f\u80fd\u6e90\u6e17\u900f\u7387\u8f83\u9ad8\u7684\u5730\u533a\uff0c\u7535\u7f51\u5bf9\u50a8\u80fd\u5bb9\u91cf\u9700\u6c42\u7684\u4e0a\u5347\u5c06\u6301\u7eed\u62c9\u52a8\u9502\u6d88\u8d39\u3002\u8be5\u673a\u6784\u9884\u6d4b\uff0c2026\/2027\u5e74\u5ea6\u5168\u7403\u9502\u5e02\u573a\u6216\u5c06\u51fa\u73b02%\u81f34%\u7684\u4f9b\u5e94\u7f3a\u53e3\u3002<\/p>\n

\u4ef7\u683c\u4e0a\u6da8\u4e5f\u6fc0\u53d1\u4e86\u91d1\u878d\u5e02\u573a\u7684\u53c2\u4e0e\u70ed\u60c5\u3002\u829d\u52a0\u54e5\u5546\u4e1a\u4ea4\u6613\u6240\uff08CME\uff09\u6570\u636e\u663e\u793a\uff0c2026\u5e74\u9996\u4e2a\u5b8c\u6574\u4ea4\u6613\u5468\u5185\uff0c\u6c22\u6c27\u5316\u9502\u671f\u8d27\u4ea4\u6613\u91cf\u8fbe\u5230\u521b\u7eaa\u5f55\u76848296\u5428\uff0c\u8d85\u8fc72025\u5e74\u521d\u7684\u9ad8\u70b9\u3002Fastmarkets\u5168\u7403\u5e02\u573a\u53d1\u5c55\u4e3b\u7ba1Przemek Koralewski\u6307\u51fa\uff1a\u201c\u5982\u4eca\u4e00\u5468\u7684\u4ea4\u6613\u91cf\u53ef\u80fd\u76f8\u5f53\u4e8e\u4e00\u5e74\u524d\u88ab\u89c6\u4e3a\u975e\u5e38\u5f3a\u52b2\u7684\u6574\u6708\u4ea4\u6613\u91cf\uff0c\u8fd9\u8868\u660e\u5e02\u573a\u6d41\u52a8\u6027\u6b63\u5728\u663e\u7740\u589e\u52a0\u3002\u201d<\/p>\n

\u672a\u6765\u5c55\u671b\uff1a\u65b0\u4ea7\u80fd\u91ca\u653e\u8282\u594f\u6210\u5173\u952e<\/b><\/strong><\/h4>\n

\u5c3d\u7ba1\u5e02\u573a\u60c5\u7eea\u4e50\u89c2\uff0c\u4f46\u9502\u4ef7\u80fd\u5426\u6301\u7eed\u4e0a\u884c\u4ecd\u9762\u4e34\u6311\u6218\u3002\u5173\u952e\u53d6\u51b3\u4e8e\u65b0\u589e\u4ea7\u80fd\u7684\u6295\u653e\u901f\u5ea6\u662f\u5426\u80fd\u591f\u5339\u914d\u9700\u6c42\u589e\u957f\u3002\u76ee\u524d\u4ece\u77ff\u5c71\u53d1\u73b0\u5230\u6295\u4ea7\u5e73\u5747\u4ecd\u9700\u957f\u8fbe16\u5e74\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u4e0a\u6e38\u6295\u8d44\u4ecd\u663e\u4e0d\u8db3\uff0c\u52d8\u63a2\u652f\u51fa\u8f83\u5b9e\u9645\u9700\u6c42\u4f4e40%\u81f350%\u3002<\/p>\n

\u603b\u4f53\u800c\u8a00\uff0c\u5728\u7ecf\u5386\u4e86\u6df1\u5ea6\u8c03\u6574\u540e\uff0c\u9502\u5e02\u573a\u5df2\u6b65\u5165\u65b0\u4e00\u8f6e\u5468\u671f\u3002\u968f\u7740\u4f9b\u5e94\u8d8b\u4e8e\u7d27\u5f20\u3001\u5e93\u5b58\u6301\u7eed\u6d88\u8017\uff0c\u4ee5\u53ca\u7535\u52a8\u6c7d\u8f66\u4e0e\u50a8\u80fd\u7cfb\u7edf\u9700\u6c42\u7684\u53cc\u91cd\u652f\u6491\uff0c2026\u5e74\u9502\u4ef7\u4e2d\u67a2\u6709\u671b\u7ee7\u7eed\u4e0a\u79fb\u3002\u7136\u800c\uff0c\u884c\u4e1a\u4ecd\u9700\u5e94\u5bf9\u4ea7\u80fd\u91ca\u653e\u3001\u6210\u672c\u63a7\u5236\u548c\u653f\u7b56\u6ce2\u52a8\u7b49\u591a\u91cd\u8003\u9a8c\uff0c\u4ef7\u683c\u7684\u4e0a\u6da8\u8def\u5f84\u6216\u5c06\u4f34\u968f\u6ce2\u52a8\u4e0e\u5206\u5316\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

2026\u5e74\u521d\uff0c\u9502\u5e02\u573a\u8fce\u6765\u7206\u53d1\u5f0f\u5f00\u5c40\u3002\u7535\u6c60\u91d1\u5c5e\u6807\u6746\u4ef7\u683c\u2014\u2014\u9502\u8f89\u77f3\u62a5\u4ef7\u5df2\u7a81\u7834\u6bcf\u54282000\u7f8e\u5143\u5173\u53e3\uff0c\u521b\u4e0b\u81ea2023\u5e74 […]<\/p>\n","protected":false},"author":31,"featured_media":561383,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427,2196],"tags":[2540,733,893,816],"class_list":["post-614924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","category-2196","tag-2540","tag-733","tag-893","tag-816","sectors-oil-gas-zh-hans","sectors-energy-metals-sch","locations-china-zh-hans","locations-619","locations-us-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/614924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=614924"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/614924\/revisions"}],"predecessor-version":[{"id":614927,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/614924\/revisions\/614927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/561383"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=614924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=614924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=614924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}