{"id":37858,"date":"2026-07-22T13:00:39","date_gmt":"2026-07-22T06:00:39","guid":{"rendered":"https:\/\/huanqiuribao.com\/?p=37858"},"modified":"2026-07-22T10:29:43","modified_gmt":"2026-07-22T03:29:43","slug":"%e6%9b%bc%e5%be%b7%e6%b5%b7%e5%b3%a1%e5%b7%b2%e7%8e%b0%e5%85%b3%e9%97%ad%e8%bf%b9%e8%b1%a1%ef%bc%8c%e6%b2%b9%e4%bb%b7%e5%a4%a7%e6%b6%a8","status":"publish","type":"post","link":"https:\/\/huanqiuribao.com\/?p=37858","title":{"rendered":"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8"},"content":{"rendered":"

\u5728\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5468\u4e00\uff0820\u65e5\uff09\u5ba3\u5e03\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u8fdb\u884c\u201c\u6d77\u4e0a\u5c01\u9501\u201d\u540e\uff0c\u7ea2\u6d77\u822a\u9053\u7684\u66fc\u5fb7\u6d77\u5ce1\u5df2\u7ecf\u51fa\u73b0\u906d\u5230\u5173\u95ed\u7684\u8ff9\u8c61\uff0c\u56fd\u9645\u6cb9\u4ef7\u5468\u4e8c\uff0821\u65e5\uff09\u5927\u6da8\u3002\u4e0d\u8fc7\uff0c\u5728\u82af\u7247\u80a1\u5f3a\u70c8\u6301\u7eed\u56de\u5f39\u4e0b\uff0c\u7f8e\u56fd\u80a1\u5e02\u5468\u4e8c\u4f9d\u65e7\u5f00\u9ad8\u3002<\/p>\n

\u5468\u4e8c\u65e9\u76d8\uff0c\u9053\u743c\u5de5\u4e1a\u6307\u6570\u4e0a\u6da8117\u70b9\u62160.23%\uff0c\u6807\u51c6\u666e\u5c14500\u6307\u6570\u4e0a\u6da80.37%\uff0c\u90a3\u65af\u8fbe\u514b\u7efc\u5408\u6307\u6570\u66f4\u662f\u4e0a\u6da80.83%\u3002\u5176\u4e2d\uff0c\u5728\u7f8e\u56fd\u80a1\u5e02\u4e0a\u5e02\u7684\u53f0\u79ef\u7535\u7f8e\u56fd\u5b58\u6258\u51ed\u8bc1\uff08ADR\uff09\uff0c\u5728\u5468\u4e8c\u4f20\u51fa\u53f0\u79ef\u7535\u5df2\u548c\u5ba2\u6237\u8c08\u597d2027\u5e74\u5ea6\u6da8\u4ef710%\u7684\u6d88\u606f\u4f20\u51fa\u540e\uff0c\u65e9\u76d8\u52b2\u626c3.8%\u3002<\/p>\n

\u7f8e\u5149\u79d1\u6280\u4e5f\u5927\u6da87%\uff0c\u82f1\u7279\u5c14\u5927\u6da8\u903e5%\uff0c\u8fc8\u5a01\u5c14\uff08Marvell\uff09\u4e0eAstera Labs\u53cc\u53cc\u8df3\u6da85%\u3002<\/p>\n

\u5468\u4e8c\u7684\u80a1\u4ef7\u8d70\u52bf\u663e\u793a\u6295\u8d44\u4eba\u6682\u65f6\u5148\u653e\u4e0b\u5bf9\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u662f\u5426\u6295\u8d44\u8fc7\u5ea6\u3001\u96be\u4ee5\u4e3a\u7ee7\u7684\u5fe7\u8651\uff0c\u4f46\u662f\u5728\u4f0a\u6717\u6218\u4e89\u91cd\u65b0\u70b9\u71c3\u540e\uff0c\u4e2d\u4e1c\u7684\u5c40\u52bf\u4f9d\u65e7\u662f\u5e02\u573a\u5173\u5207\u7684\u4e0d\u7a33\u5b9a\u56e0\u7d20\u7126\u70b9\uff0c\u8fd9\u53cd\u6620\u5728\u56fd\u9645\u539f\u6cb9\u4ef7\u683c\u7684\u5468\u4e8c\u8df3\u6da8\u3002<\/p>\n

\u56fd\u9645\u6cb9\u4ef7\u57fa\u51c6\u7684\u5e03\u4f26\u7279\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u5468\u4e8c\u7262\u7262\u7ad9\u4e0a\u6bcf\u687690\u7f8e\u5143\u5173\u5361\uff0c\u7f8e\u56fd\u65e9\u76d8\u6bd4\u524d\u5e02\u4e0a\u6da81.91%\uff0c\u4ea4\u5728\u6bcf\u687690.92\u7f8e\u5143\uff1b\u800c\u4ee3\u8868\u7f8e\u56fd\u672c\u571f\u6cb9\u4ef7\u7684\u897f\u5fb7\u5dde\u8f7b\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u66f4\u662f\u5927\u6da82.31%\uff0c\u4ea4\u5728\u6bcf\u687685.15\u4ef7\u4f4d\u3002<\/p>\n

\u5468\u4e8c\uff0c\u4f26\u6566\u8bc1\u5238\u4ea4\u6613\u6240\u96c6\u56e2\uff08LSEG\uff09\u7684\u822a\u8fd0\u6570\u636e\u663e\u793a\uff0c\u5728\u4e0e\u4f0a\u6717\u7ed3\u76df\u7684\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u6b66\u88c5\u7ec4\u7ec7\u53d1\u51fa\u8b66\u544a\u540e\uff0c\u4e24\u8258\u672c\u5468\u4e3a\u4e2d\u56fd\u548c\u5370\u5ea6\u88c5\u8fd0\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u539f\u6cb9\u7684\u6cb9\u8f6e\uff0c\u5df2\u5728\u5468\u4e8c\u4e8e\u7ea2\u6d77\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002<\/p>\n

\u6570\u636e\u663e\u793a\uff0c\u8d85\u5927\u578b\u6cb9\u8f6e\uff08VLCC\uff09\u201c\u65b0\u9f99\u6d0b\u53f7\u201d\uff08Xin LongYang\uff09\u4e8e\u5468\u4e00\u5728\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u7ea2\u6d77\u6e2f\u53e3\u5ef6\u5e03\u6e2f\u5b8c\u6210200\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u88c5\u8f7d\u540e\uff0c\u539f\u5b9a\u5f80\u5357\u901a\u8fc7\u66fc\u5fb7\u6d77\u5ce1\u9a76\u79bb\u7ea2\u6d77\u524d\u5f80\u4e2d\u56fd\uff0c\u4f46\u968f\u540e\u5f80\u5317\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002<\/p>\n

\u6570\u636e\u4ea6\u663e\u793a\uff0c\u4e3a\u5370\u5ea6\u88c5\u8f7d\u7ea670\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u6cb9\u8f6e\u201c\u7f57\u5fb7\u65af\u53f7\u201d\uff08Rodos\uff09\uff0c\u4e5f\u5728\u5468\u4e8c\u5f80\u5317\u6389\u5934\u8f6c\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002<\/p>\n

\u8fd9\u610f\u5473\u7740\u8fd9\u4e24\u8258\u6cb9\u8f6e\u907f\u5f00\u7ea2\u6d77\u901a\u5f80\u4e9a\u6d32\u6700\u5feb\u7684\u66fc\u5fb7\u6d77\u5ce1\u822a\u9053\uff0c\u53ef\u80fd\u5f80\u5317\u901a\u8fc7\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u540e\uff0c\u8fd8\u8981\u5411\u897f\u7a7f\u8d8a\u5730\u4e2d\u6d77\uff0c\u63a5\u7740\u53c8\u8981\u7ed5\u884c\u534a\u4e2a\u975e\u6d32\uff0c\u518d\u4ece\u975e\u6d32\u6700\u5357\u7aef\u597d\u671b\u89d2\u5411\u4e1c\u822a\u5411\u4e9a\u6d32\u3002\u5982\u679c\u76ee\u524d\u6c99\u56fd\u6781\u5ea6\u501a\u8d56\u7528\u6765\u51fa\u53e3\u539f\u6cb9\u7684\u7ea2\u6d77\u5ef6\u5e03\u6e2f\uff0c\u5411\u4e9a\u6d32\u8f93\u51fa\u77f3\u6cb9\u90fd\u8981\u8d70\u8fd9\u6761\u6781\u4e3a\u6f2b\u957f\u7684\u7ed5\u9053\u8def\u7ebf\uff0c\u4e0d\u4f46\u4ea4\u671f\u5927\u5e45\u5ef6\u957f\uff0c\u8fd0\u8d39\u4e5f\u5c06\u5927\u5e45\u589e\u52a0\u3002<\/p>\n

KCMTrade\u7684\u4ea7\u4e1a\u5206\u6790\u5e08\u534e\u7279\u5c14\u8868\u793a\uff1a\u201c\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u5b9e\u65bd\u6d77\u4e0a\u5c01\u9501\u7684\u5a01\u80c1\u76f8\u5f53\u91cd\u5927\uff0c\u56e0\u4e3a\u8fd9\u589e\u52a0\u4e86\u53e6\u4e00\u4e2a\u4e3b\u8981\u77f3\u6cb9\u51fa\u53e3\u56fd\u4f9b\u5e94\u4e2d\u65ad\u7684\u98ce\u9669\u3002\u201d<\/p>\n

\u800c\u5728\u539f\u672c\u5c31\u7832\u58f0\u9686\u9686\u7684\u6ce2\u65af\u6e7e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff0c\u82f1\u56fd\u6d77\u4e8b\u8d38\u6613\u884c\u52a8\u529e\u516c\u5ba4\uff08UKMTO\uff09\u5468\u4e8c\u8868\u793a\uff0c\u53c8\u4e00\u8258\u6cb9\u8f6e\u5728\u6d77\u5ce1\u901a\u62a5\u906d\u4e0d\u660e\u53d1\u5c04\u7269\u51fb\u4e2d\uff0c\u8feb\u4f7f\u8239\u5458\u5f03\u8239\u3002<\/p>\n

\u745e\u5178\u5317\u6b27\u65af\u5b89\u94f6\u884c\u7814\u7a76\u516c\u53f8\uff08SEBResearch\uff09\u5728\u62a5\u544a\u4e2d\u6307\u51fa\uff1a\u201c\u4e50\u89c2\u8005\u53ef\u80fd\u4f1a\u628a\u7f8e\u56fd\u6700\u8fd1\u7684\u653b\u51fb\uff0c\u89c6\u4e3a\u5728\u8fbe\u6210\u59a5\u534f\u5e76\u91cd\u65b0\u5f00\u653e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u4e4b\u524d\uff0c\u7528\u6765\u5f3a\u5316\u8c08\u5224\u7acb\u573a\u7684\u6700\u540e\u5c1d\u8bd5\u3002\u201d<\/p>\n

\u4f46\u62a5\u544a\u4e2d\u63a5\u7740\u8bf4\uff1a\u201c\u7136\u800c\uff0c\u98ce\u9669\u5728\u4e8e\u8fd9\u573a\u51b2\u7a81\u6f14\u53d8\u6210\u66f4\u4e3a\u957f\u671f\u7684\u5bf9\u5cd9\u50f5\u5c40\uff0c\u4f34\u968f\u7740\u80fd\u6e90\u6d41\u5411\u6301\u7eed\u9677\u5165\u4e0d\u786e\u5b9a\u72b6\u51b5\u3001\u6cb9\u4ef7\u66f4\u9ad8\uff0c\u4ee5\u53ca\u653b\u51fb\u53cd\u590d\u53d1\u751f\u7684\u72b6\u51b5\u3002\u201d<\/p>\n

\u592a\u62a5<\/p>\n

 <\/p>\n

\u514d\u8d23\u58f0\u660e\uff1a\u7b2c\u4e09\u65b9\u8a00\u8bba\/\u65b0\u95fb\uff08\u6216\u56fe\u7247\uff09\u4e3a\u5206\u4eab\/\u63f4\u5f15\/\u50a8\u5b58\u4fe1\u606f\uff0c\u5176\u5185\u5bb9\u5e76\u4e0d\u4ee3\u8868\u672c\u62a5\/\u672c\u7f51\u7acb\u573a\uff0c\u5982\u6709\u9519\u8bef\u6216\u76f8\u5173\u4fb5\u6743\u8bf7\u8054\u7cfb\u6211\u4eec\u5220\u9664\uff0c\u8c22\u8c22\uff01<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5468\u4e00\uff0820\u65e5\uff09\u5ba3\u5e03\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u8fdb\u884c\u201c\u6d77\u4e0a\u5c01\u9501\u201d\u540e\uff0c\u7ea2\u6d77\u822a\u9053\u7684\u66fc\u5fb7\u6d77\u5ce1\u5df2\u7ecf\u51fa\u73b0\u906d\u5230\u5173\u95ed\u7684\u8ff9\u8c61\uff0c\u56fd\u9645\u6cb9\u4ef7\u5468\u4e8c\uff0821\u65e5\uff09\u5927\u6da8\u3002\u4e0d\u8fc7\uff0c\u5728\u82af\u7247\u80a1\u5f3a\u70c8\u6301\u7eed\u56de\u5f39\u4e0b\uff0c\u7f8e\u56fd\u80a1\u5e02\u5468\u4e8c\u4f9d\u65e7\u5f00\u9ad8\u3002 \u5468\u4e8c\u65e9\u76d8\uff0c\u9053\u743c\u5de5\u4e1a\u6307\u6570\u4e0a\u6da8117\u70b9\u62160.23%\uff0c\u6807\u51c6\u666e\u5c14500\u6307\u6570\u4e0a\u6da80.37%\uff0c\u90a3\u65af\u8fbe\u514b\u7efc\u5408\u6307\u6570\u66f4\u662f\u4e0a\u6da80.83%\u3002\u5176\u4e2d\uff0c\u5728\u7f8e\u56fd\u80a1\u5e02\u4e0a\u5e02\u7684\u53f0\u79ef\u7535\u7f8e\u56fd\u5b58\u6258\u51ed\u8bc1\uff08ADR\uff09\uff0c\u5728\u5468\u4e8c\u4f20\u51fa\u53f0\u79ef\u7535\u5df2\u548c\u5ba2\u6237\u8c08\u597d2027\u5e74\u5ea6\u6da8\u4ef710%\u7684\u6d88\u606f\u4f20\u51fa\u540e\uff0c\u65e9\u76d8\u52b2\u626c3.8%\u3002 \u7f8e\u5149\u79d1\u6280\u4e5f\u5927\u6da87%\uff0c\u82f1\u7279\u5c14\u5927\u6da8\u903e5%\uff0c\u8fc8\u5a01\u5c14\uff08Marvell\uff09\u4e0eAstera Labs\u53cc\u53cc\u8df3\u6da85%\u3002 \u5468\u4e8c\u7684\u80a1\u4ef7\u8d70\u52bf\u663e\u793a\u6295\u8d44\u4eba\u6682\u65f6\u5148\u653e\u4e0b\u5bf9\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u662f\u5426\u6295\u8d44\u8fc7\u5ea6\u3001\u96be\u4ee5\u4e3a\u7ee7\u7684\u5fe7\u8651\uff0c\u4f46\u662f\u5728\u4f0a\u6717\u6218\u4e89\u91cd\u65b0\u70b9\u71c3\u540e\uff0c\u4e2d\u4e1c\u7684\u5c40\u52bf\u4f9d\u65e7\u662f\u5e02\u573a\u5173\u5207\u7684\u4e0d\u7a33\u5b9a\u56e0\u7d20\u7126\u70b9\uff0c\u8fd9\u53cd\u6620\u5728\u56fd\u9645\u539f\u6cb9\u4ef7\u683c\u7684\u5468\u4e8c\u8df3\u6da8\u3002 \u56fd\u9645\u6cb9\u4ef7\u57fa\u51c6\u7684\u5e03\u4f26\u7279\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u5468\u4e8c\u7262\u7262\u7ad9\u4e0a\u6bcf\u687690\u7f8e\u5143\u5173\u5361\uff0c\u7f8e\u56fd\u65e9\u76d8\u6bd4\u524d\u5e02\u4e0a\u6da81.91%\uff0c\u4ea4\u5728\u6bcf\u687690.92\u7f8e\u5143\uff1b\u800c\u4ee3\u8868\u7f8e\u56fd\u672c\u571f\u6cb9\u4ef7\u7684\u897f\u5fb7\u5dde\u8f7b\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u66f4\u662f\u5927\u6da82.31%\uff0c\u4ea4\u5728\u6bcf\u687685.15\u4ef7\u4f4d\u3002 \u5468\u4e8c\uff0c\u4f26\u6566\u8bc1\u5238\u4ea4\u6613\u6240\u96c6\u56e2\uff08LSEG\uff09\u7684\u822a\u8fd0\u6570\u636e\u663e\u793a\uff0c\u5728\u4e0e\u4f0a\u6717\u7ed3\u76df\u7684\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u6b66\u88c5\u7ec4\u7ec7\u53d1\u51fa\u8b66\u544a\u540e\uff0c\u4e24\u8258\u672c\u5468\u4e3a\u4e2d\u56fd\u548c\u5370\u5ea6\u88c5\u8fd0\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u539f\u6cb9\u7684\u6cb9\u8f6e\uff0c\u5df2\u5728\u5468\u4e8c\u4e8e\u7ea2\u6d77\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u6570\u636e\u663e\u793a\uff0c\u8d85\u5927\u578b\u6cb9\u8f6e\uff08VLCC\uff09\u201c\u65b0\u9f99\u6d0b\u53f7\u201d\uff08Xin LongYang\uff09\u4e8e\u5468\u4e00\u5728\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u7ea2\u6d77\u6e2f\u53e3\u5ef6\u5e03\u6e2f\u5b8c\u6210200\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u88c5\u8f7d\u540e\uff0c\u539f\u5b9a\u5f80\u5357\u901a\u8fc7\u66fc\u5fb7\u6d77\u5ce1\u9a76\u79bb\u7ea2\u6d77\u524d\u5f80\u4e2d\u56fd\uff0c\u4f46\u968f\u540e\u5f80\u5317\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u6570\u636e\u4ea6\u663e\u793a\uff0c\u4e3a\u5370\u5ea6\u88c5\u8f7d\u7ea670\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u6cb9\u8f6e\u201c\u7f57\u5fb7\u65af\u53f7\u201d\uff08Rodos\uff09\uff0c\u4e5f\u5728\u5468\u4e8c\u5f80\u5317\u6389\u5934\u8f6c\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u8fd9\u610f\u5473\u7740\u8fd9\u4e24\u8258\u6cb9\u8f6e\u907f\u5f00\u7ea2\u6d77\u901a\u5f80\u4e9a\u6d32\u6700\u5feb\u7684\u66fc\u5fb7\u6d77\u5ce1\u822a\u9053\uff0c\u53ef\u80fd\u5f80\u5317\u901a\u8fc7\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u540e\uff0c\u8fd8\u8981\u5411\u897f\u7a7f\u8d8a\u5730\u4e2d\u6d77\uff0c\u63a5\u7740\u53c8\u8981\u7ed5\u884c\u534a\u4e2a\u975e\u6d32\uff0c\u518d\u4ece\u975e\u6d32\u6700\u5357\u7aef\u597d\u671b\u89d2\u5411\u4e1c\u822a\u5411\u4e9a\u6d32\u3002\u5982\u679c\u76ee\u524d\u6c99\u56fd\u6781\u5ea6\u501a\u8d56\u7528\u6765\u51fa\u53e3\u539f\u6cb9\u7684\u7ea2\u6d77\u5ef6\u5e03\u6e2f\uff0c\u5411\u4e9a\u6d32\u8f93\u51fa\u77f3\u6cb9\u90fd\u8981\u8d70\u8fd9\u6761\u6781\u4e3a\u6f2b\u957f\u7684\u7ed5\u9053\u8def\u7ebf\uff0c\u4e0d\u4f46\u4ea4\u671f\u5927\u5e45\u5ef6\u957f\uff0c\u8fd0\u8d39\u4e5f\u5c06\u5927\u5e45\u589e\u52a0\u3002 KCMTrade\u7684\u4ea7\u4e1a\u5206\u6790\u5e08\u534e\u7279\u5c14\u8868\u793a\uff1a\u201c\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u5b9e\u65bd\u6d77\u4e0a\u5c01\u9501\u7684\u5a01\u80c1\u76f8\u5f53\u91cd\u5927\uff0c\u56e0\u4e3a\u8fd9\u589e\u52a0\u4e86\u53e6\u4e00\u4e2a\u4e3b\u8981\u77f3\u6cb9\u51fa\u53e3\u56fd\u4f9b\u5e94\u4e2d\u65ad\u7684\u98ce\u9669\u3002\u201d \u800c\u5728\u539f\u672c\u5c31\u7832\u58f0\u9686\u9686\u7684\u6ce2\u65af\u6e7e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff0c\u82f1\u56fd\u6d77\u4e8b\u8d38\u6613\u884c\u52a8\u529e\u516c\u5ba4\uff08UKMTO\uff09\u5468\u4e8c\u8868\u793a\uff0c\u53c8\u4e00\u8258\u6cb9\u8f6e\u5728\u6d77\u5ce1\u901a\u62a5\u906d\u4e0d\u660e\u53d1\u5c04\u7269\u51fb\u4e2d\uff0c\u8feb\u4f7f\u8239\u5458\u5f03\u8239\u3002 \u745e\u5178\u5317\u6b27\u65af\u5b89\u94f6\u884c\u7814\u7a76\u516c\u53f8\uff08SEBResearch\uff09\u5728\u62a5\u544a\u4e2d\u6307\u51fa\uff1a\u201c\u4e50\u89c2\u8005\u53ef\u80fd\u4f1a\u628a\u7f8e\u56fd\u6700\u8fd1\u7684\u653b\u51fb\uff0c\u89c6\u4e3a\u5728\u8fbe\u6210\u59a5\u534f\u5e76\u91cd\u65b0\u5f00\u653e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u4e4b\u524d\uff0c\u7528\u6765\u5f3a\u5316\u8c08\u5224\u7acb\u573a\u7684\u6700\u540e\u5c1d\u8bd5\u3002\u201d \u4f46\u62a5\u544a\u4e2d\u63a5\u7740\u8bf4\uff1a\u201c\u7136\u800c\uff0c\u98ce\u9669\u5728\u4e8e\u8fd9\u573a\u51b2\u7a81\u6f14\u53d8\u6210\u66f4\u4e3a\u957f\u671f\u7684\u5bf9\u5cd9\u50f5\u5c40\uff0c\u4f34\u968f\u7740\u80fd\u6e90\u6d41\u5411\u6301\u7eed\u9677\u5165\u4e0d\u786e\u5b9a\u72b6\u51b5\u3001\u6cb9\u4ef7\u66f4\u9ad8\uff0c\u4ee5\u53ca\u653b\u51fb\u53cd\u590d\u53d1\u751f\u7684\u72b6\u51b5\u3002\u201d \u592a\u62a5   \u514d\u8d23\u58f0\u660e\uff1a\u7b2c\u4e09\u65b9\u8a00\u8bba\/\u65b0\u95fb\uff08\u6216\u56fe\u7247\uff09\u4e3a\u5206\u4eab\/\u63f4\u5f15\/\u50a8\u5b58\u4fe1\u606f\uff0c\u5176\u5185\u5bb9\u5e76\u4e0d\u4ee3\u8868\u672c\u62a5\/\u672c\u7f51\u7acb\u573a\uff0c\u5982\u6709\u9519\u8bef\u6216\u76f8\u5173\u4fb5\u6743\u8bf7\u8054\u7cfb\u6211\u4eec\u5220\u9664\uff0c\u8c22\u8c22\uff01<\/p>\n","protected":false},"author":2,"featured_media":37859,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-37858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-berita-ekonomi"],"yoast_head":"\n\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8 - Huanqiuribao<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/huanqiuribao.com\/?p=37858\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8 - Huanqiuribao\" \/>\n<meta property=\"og:description\" content=\"\u5728\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5468\u4e00\uff0820\u65e5\uff09\u5ba3\u5e03\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u8fdb\u884c\u201c\u6d77\u4e0a\u5c01\u9501\u201d\u540e\uff0c\u7ea2\u6d77\u822a\u9053\u7684\u66fc\u5fb7\u6d77\u5ce1\u5df2\u7ecf\u51fa\u73b0\u906d\u5230\u5173\u95ed\u7684\u8ff9\u8c61\uff0c\u56fd\u9645\u6cb9\u4ef7\u5468\u4e8c\uff0821\u65e5\uff09\u5927\u6da8\u3002\u4e0d\u8fc7\uff0c\u5728\u82af\u7247\u80a1\u5f3a\u70c8\u6301\u7eed\u56de\u5f39\u4e0b\uff0c\u7f8e\u56fd\u80a1\u5e02\u5468\u4e8c\u4f9d\u65e7\u5f00\u9ad8\u3002 \u5468\u4e8c\u65e9\u76d8\uff0c\u9053\u743c\u5de5\u4e1a\u6307\u6570\u4e0a\u6da8117\u70b9\u62160.23%\uff0c\u6807\u51c6\u666e\u5c14500\u6307\u6570\u4e0a\u6da80.37%\uff0c\u90a3\u65af\u8fbe\u514b\u7efc\u5408\u6307\u6570\u66f4\u662f\u4e0a\u6da80.83%\u3002\u5176\u4e2d\uff0c\u5728\u7f8e\u56fd\u80a1\u5e02\u4e0a\u5e02\u7684\u53f0\u79ef\u7535\u7f8e\u56fd\u5b58\u6258\u51ed\u8bc1\uff08ADR\uff09\uff0c\u5728\u5468\u4e8c\u4f20\u51fa\u53f0\u79ef\u7535\u5df2\u548c\u5ba2\u6237\u8c08\u597d2027\u5e74\u5ea6\u6da8\u4ef710%\u7684\u6d88\u606f\u4f20\u51fa\u540e\uff0c\u65e9\u76d8\u52b2\u626c3.8%\u3002 \u7f8e\u5149\u79d1\u6280\u4e5f\u5927\u6da87%\uff0c\u82f1\u7279\u5c14\u5927\u6da8\u903e5%\uff0c\u8fc8\u5a01\u5c14\uff08Marvell\uff09\u4e0eAstera Labs\u53cc\u53cc\u8df3\u6da85%\u3002 \u5468\u4e8c\u7684\u80a1\u4ef7\u8d70\u52bf\u663e\u793a\u6295\u8d44\u4eba\u6682\u65f6\u5148\u653e\u4e0b\u5bf9\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u662f\u5426\u6295\u8d44\u8fc7\u5ea6\u3001\u96be\u4ee5\u4e3a\u7ee7\u7684\u5fe7\u8651\uff0c\u4f46\u662f\u5728\u4f0a\u6717\u6218\u4e89\u91cd\u65b0\u70b9\u71c3\u540e\uff0c\u4e2d\u4e1c\u7684\u5c40\u52bf\u4f9d\u65e7\u662f\u5e02\u573a\u5173\u5207\u7684\u4e0d\u7a33\u5b9a\u56e0\u7d20\u7126\u70b9\uff0c\u8fd9\u53cd\u6620\u5728\u56fd\u9645\u539f\u6cb9\u4ef7\u683c\u7684\u5468\u4e8c\u8df3\u6da8\u3002 \u56fd\u9645\u6cb9\u4ef7\u57fa\u51c6\u7684\u5e03\u4f26\u7279\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u5468\u4e8c\u7262\u7262\u7ad9\u4e0a\u6bcf\u687690\u7f8e\u5143\u5173\u5361\uff0c\u7f8e\u56fd\u65e9\u76d8\u6bd4\u524d\u5e02\u4e0a\u6da81.91%\uff0c\u4ea4\u5728\u6bcf\u687690.92\u7f8e\u5143\uff1b\u800c\u4ee3\u8868\u7f8e\u56fd\u672c\u571f\u6cb9\u4ef7\u7684\u897f\u5fb7\u5dde\u8f7b\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u66f4\u662f\u5927\u6da82.31%\uff0c\u4ea4\u5728\u6bcf\u687685.15\u4ef7\u4f4d\u3002 \u5468\u4e8c\uff0c\u4f26\u6566\u8bc1\u5238\u4ea4\u6613\u6240\u96c6\u56e2\uff08LSEG\uff09\u7684\u822a\u8fd0\u6570\u636e\u663e\u793a\uff0c\u5728\u4e0e\u4f0a\u6717\u7ed3\u76df\u7684\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u6b66\u88c5\u7ec4\u7ec7\u53d1\u51fa\u8b66\u544a\u540e\uff0c\u4e24\u8258\u672c\u5468\u4e3a\u4e2d\u56fd\u548c\u5370\u5ea6\u88c5\u8fd0\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u539f\u6cb9\u7684\u6cb9\u8f6e\uff0c\u5df2\u5728\u5468\u4e8c\u4e8e\u7ea2\u6d77\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u6570\u636e\u663e\u793a\uff0c\u8d85\u5927\u578b\u6cb9\u8f6e\uff08VLCC\uff09\u201c\u65b0\u9f99\u6d0b\u53f7\u201d\uff08Xin LongYang\uff09\u4e8e\u5468\u4e00\u5728\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u7ea2\u6d77\u6e2f\u53e3\u5ef6\u5e03\u6e2f\u5b8c\u6210200\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u88c5\u8f7d\u540e\uff0c\u539f\u5b9a\u5f80\u5357\u901a\u8fc7\u66fc\u5fb7\u6d77\u5ce1\u9a76\u79bb\u7ea2\u6d77\u524d\u5f80\u4e2d\u56fd\uff0c\u4f46\u968f\u540e\u5f80\u5317\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u6570\u636e\u4ea6\u663e\u793a\uff0c\u4e3a\u5370\u5ea6\u88c5\u8f7d\u7ea670\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u6cb9\u8f6e\u201c\u7f57\u5fb7\u65af\u53f7\u201d\uff08Rodos\uff09\uff0c\u4e5f\u5728\u5468\u4e8c\u5f80\u5317\u6389\u5934\u8f6c\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u8fd9\u610f\u5473\u7740\u8fd9\u4e24\u8258\u6cb9\u8f6e\u907f\u5f00\u7ea2\u6d77\u901a\u5f80\u4e9a\u6d32\u6700\u5feb\u7684\u66fc\u5fb7\u6d77\u5ce1\u822a\u9053\uff0c\u53ef\u80fd\u5f80\u5317\u901a\u8fc7\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u540e\uff0c\u8fd8\u8981\u5411\u897f\u7a7f\u8d8a\u5730\u4e2d\u6d77\uff0c\u63a5\u7740\u53c8\u8981\u7ed5\u884c\u534a\u4e2a\u975e\u6d32\uff0c\u518d\u4ece\u975e\u6d32\u6700\u5357\u7aef\u597d\u671b\u89d2\u5411\u4e1c\u822a\u5411\u4e9a\u6d32\u3002\u5982\u679c\u76ee\u524d\u6c99\u56fd\u6781\u5ea6\u501a\u8d56\u7528\u6765\u51fa\u53e3\u539f\u6cb9\u7684\u7ea2\u6d77\u5ef6\u5e03\u6e2f\uff0c\u5411\u4e9a\u6d32\u8f93\u51fa\u77f3\u6cb9\u90fd\u8981\u8d70\u8fd9\u6761\u6781\u4e3a\u6f2b\u957f\u7684\u7ed5\u9053\u8def\u7ebf\uff0c\u4e0d\u4f46\u4ea4\u671f\u5927\u5e45\u5ef6\u957f\uff0c\u8fd0\u8d39\u4e5f\u5c06\u5927\u5e45\u589e\u52a0\u3002 KCMTrade\u7684\u4ea7\u4e1a\u5206\u6790\u5e08\u534e\u7279\u5c14\u8868\u793a\uff1a\u201c\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u5b9e\u65bd\u6d77\u4e0a\u5c01\u9501\u7684\u5a01\u80c1\u76f8\u5f53\u91cd\u5927\uff0c\u56e0\u4e3a\u8fd9\u589e\u52a0\u4e86\u53e6\u4e00\u4e2a\u4e3b\u8981\u77f3\u6cb9\u51fa\u53e3\u56fd\u4f9b\u5e94\u4e2d\u65ad\u7684\u98ce\u9669\u3002\u201d \u800c\u5728\u539f\u672c\u5c31\u7832\u58f0\u9686\u9686\u7684\u6ce2\u65af\u6e7e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff0c\u82f1\u56fd\u6d77\u4e8b\u8d38\u6613\u884c\u52a8\u529e\u516c\u5ba4\uff08UKMTO\uff09\u5468\u4e8c\u8868\u793a\uff0c\u53c8\u4e00\u8258\u6cb9\u8f6e\u5728\u6d77\u5ce1\u901a\u62a5\u906d\u4e0d\u660e\u53d1\u5c04\u7269\u51fb\u4e2d\uff0c\u8feb\u4f7f\u8239\u5458\u5f03\u8239\u3002 \u745e\u5178\u5317\u6b27\u65af\u5b89\u94f6\u884c\u7814\u7a76\u516c\u53f8\uff08SEBResearch\uff09\u5728\u62a5\u544a\u4e2d\u6307\u51fa\uff1a\u201c\u4e50\u89c2\u8005\u53ef\u80fd\u4f1a\u628a\u7f8e\u56fd\u6700\u8fd1\u7684\u653b\u51fb\uff0c\u89c6\u4e3a\u5728\u8fbe\u6210\u59a5\u534f\u5e76\u91cd\u65b0\u5f00\u653e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u4e4b\u524d\uff0c\u7528\u6765\u5f3a\u5316\u8c08\u5224\u7acb\u573a\u7684\u6700\u540e\u5c1d\u8bd5\u3002\u201d \u4f46\u62a5\u544a\u4e2d\u63a5\u7740\u8bf4\uff1a\u201c\u7136\u800c\uff0c\u98ce\u9669\u5728\u4e8e\u8fd9\u573a\u51b2\u7a81\u6f14\u53d8\u6210\u66f4\u4e3a\u957f\u671f\u7684\u5bf9\u5cd9\u50f5\u5c40\uff0c\u4f34\u968f\u7740\u80fd\u6e90\u6d41\u5411\u6301\u7eed\u9677\u5165\u4e0d\u786e\u5b9a\u72b6\u51b5\u3001\u6cb9\u4ef7\u66f4\u9ad8\uff0c\u4ee5\u53ca\u653b\u51fb\u53cd\u590d\u53d1\u751f\u7684\u72b6\u51b5\u3002\u201d \u592a\u62a5   \u514d\u8d23\u58f0\u660e\uff1a\u7b2c\u4e09\u65b9\u8a00\u8bba\/\u65b0\u95fb\uff08\u6216\u56fe\u7247\uff09\u4e3a\u5206\u4eab\/\u63f4\u5f15\/\u50a8\u5b58\u4fe1\u606f\uff0c\u5176\u5185\u5bb9\u5e76\u4e0d\u4ee3\u8868\u672c\u62a5\/\u672c\u7f51\u7acb\u573a\uff0c\u5982\u6709\u9519\u8bef\u6216\u76f8\u5173\u4fb5\u6743\u8bf7\u8054\u7cfb\u6211\u4eec\u5220\u9664\uff0c\u8c22\u8c22\uff01\" \/>\n<meta property=\"og:url\" content=\"https:\/\/huanqiuribao.com\/?p=37858\" \/>\n<meta property=\"og:site_name\" content=\"Huanqiuribao\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-22T06:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2026\/07\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"665\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wind\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"wind\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858\"},\"author\":{\"name\":\"wind\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#\\\/schema\\\/person\\\/283ca5b3514e2e690fc7eae72cbdf060\"},\"headline\":\"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8\",\"datePublished\":\"2026-07-22T06:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858\"},\"wordCount\":14,\"publisher\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/huanqiuribao.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg\",\"articleSection\":[\"\u4ea7\u7ecf\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858\",\"url\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858\",\"name\":\"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8 - Huanqiuribao\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/huanqiuribao.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg\",\"datePublished\":\"2026-07-22T06:00:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#primaryimage\",\"url\":\"https:\\\/\\\/huanqiuribao.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg\",\"contentUrl\":\"https:\\\/\\\/huanqiuribao.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg\",\"width\":665,\"height\":380},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/?p=37858#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/huanqiuribao.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#website\",\"url\":\"https:\\\/\\\/huanqiuribao.com\\\/\",\"name\":\"Huanqiuribao\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/huanqiuribao.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#organization\",\"name\":\"Huanqiuribao\",\"url\":\"https:\\\/\\\/huanqiuribao.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/huanqiuribao.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/cropped-LOGO-HQRB.png\",\"contentUrl\":\"https:\\\/\\\/huanqiuribao.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/cropped-LOGO-HQRB.png\",\"width\":898,\"height\":194,\"caption\":\"Huanqiuribao\"},\"image\":{\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/huanqiuribao.com\\\/#\\\/schema\\\/person\\\/283ca5b3514e2e690fc7eae72cbdf060\",\"name\":\"wind\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/20d94feab97104eed747c4aa8a4d2e90b99e059c53d67db52bc8a67322c82eb9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/20d94feab97104eed747c4aa8a4d2e90b99e059c53d67db52bc8a67322c82eb9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/20d94feab97104eed747c4aa8a4d2e90b99e059c53d67db52bc8a67322c82eb9?s=96&d=mm&r=g\",\"caption\":\"wind\"},\"url\":\"https:\\\/\\\/huanqiuribao.com\\\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8 - Huanqiuribao","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/huanqiuribao.com\/?p=37858","og_locale":"en_US","og_type":"article","og_title":"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8 - Huanqiuribao","og_description":"\u5728\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5468\u4e00\uff0820\u65e5\uff09\u5ba3\u5e03\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u8fdb\u884c\u201c\u6d77\u4e0a\u5c01\u9501\u201d\u540e\uff0c\u7ea2\u6d77\u822a\u9053\u7684\u66fc\u5fb7\u6d77\u5ce1\u5df2\u7ecf\u51fa\u73b0\u906d\u5230\u5173\u95ed\u7684\u8ff9\u8c61\uff0c\u56fd\u9645\u6cb9\u4ef7\u5468\u4e8c\uff0821\u65e5\uff09\u5927\u6da8\u3002\u4e0d\u8fc7\uff0c\u5728\u82af\u7247\u80a1\u5f3a\u70c8\u6301\u7eed\u56de\u5f39\u4e0b\uff0c\u7f8e\u56fd\u80a1\u5e02\u5468\u4e8c\u4f9d\u65e7\u5f00\u9ad8\u3002 \u5468\u4e8c\u65e9\u76d8\uff0c\u9053\u743c\u5de5\u4e1a\u6307\u6570\u4e0a\u6da8117\u70b9\u62160.23%\uff0c\u6807\u51c6\u666e\u5c14500\u6307\u6570\u4e0a\u6da80.37%\uff0c\u90a3\u65af\u8fbe\u514b\u7efc\u5408\u6307\u6570\u66f4\u662f\u4e0a\u6da80.83%\u3002\u5176\u4e2d\uff0c\u5728\u7f8e\u56fd\u80a1\u5e02\u4e0a\u5e02\u7684\u53f0\u79ef\u7535\u7f8e\u56fd\u5b58\u6258\u51ed\u8bc1\uff08ADR\uff09\uff0c\u5728\u5468\u4e8c\u4f20\u51fa\u53f0\u79ef\u7535\u5df2\u548c\u5ba2\u6237\u8c08\u597d2027\u5e74\u5ea6\u6da8\u4ef710%\u7684\u6d88\u606f\u4f20\u51fa\u540e\uff0c\u65e9\u76d8\u52b2\u626c3.8%\u3002 \u7f8e\u5149\u79d1\u6280\u4e5f\u5927\u6da87%\uff0c\u82f1\u7279\u5c14\u5927\u6da8\u903e5%\uff0c\u8fc8\u5a01\u5c14\uff08Marvell\uff09\u4e0eAstera Labs\u53cc\u53cc\u8df3\u6da85%\u3002 \u5468\u4e8c\u7684\u80a1\u4ef7\u8d70\u52bf\u663e\u793a\u6295\u8d44\u4eba\u6682\u65f6\u5148\u653e\u4e0b\u5bf9\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u662f\u5426\u6295\u8d44\u8fc7\u5ea6\u3001\u96be\u4ee5\u4e3a\u7ee7\u7684\u5fe7\u8651\uff0c\u4f46\u662f\u5728\u4f0a\u6717\u6218\u4e89\u91cd\u65b0\u70b9\u71c3\u540e\uff0c\u4e2d\u4e1c\u7684\u5c40\u52bf\u4f9d\u65e7\u662f\u5e02\u573a\u5173\u5207\u7684\u4e0d\u7a33\u5b9a\u56e0\u7d20\u7126\u70b9\uff0c\u8fd9\u53cd\u6620\u5728\u56fd\u9645\u539f\u6cb9\u4ef7\u683c\u7684\u5468\u4e8c\u8df3\u6da8\u3002 \u56fd\u9645\u6cb9\u4ef7\u57fa\u51c6\u7684\u5e03\u4f26\u7279\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u5468\u4e8c\u7262\u7262\u7ad9\u4e0a\u6bcf\u687690\u7f8e\u5143\u5173\u5361\uff0c\u7f8e\u56fd\u65e9\u76d8\u6bd4\u524d\u5e02\u4e0a\u6da81.91%\uff0c\u4ea4\u5728\u6bcf\u687690.92\u7f8e\u5143\uff1b\u800c\u4ee3\u8868\u7f8e\u56fd\u672c\u571f\u6cb9\u4ef7\u7684\u897f\u5fb7\u5dde\u8f7b\u539f\u6cb9\u671f\u8d27\u4ef7\u683c\u66f4\u662f\u5927\u6da82.31%\uff0c\u4ea4\u5728\u6bcf\u687685.15\u4ef7\u4f4d\u3002 \u5468\u4e8c\uff0c\u4f26\u6566\u8bc1\u5238\u4ea4\u6613\u6240\u96c6\u56e2\uff08LSEG\uff09\u7684\u822a\u8fd0\u6570\u636e\u663e\u793a\uff0c\u5728\u4e0e\u4f0a\u6717\u7ed3\u76df\u7684\u53f6\u95e8\u9752\u5e74\u8fd0\u52a8\u6b66\u88c5\u7ec4\u7ec7\u53d1\u51fa\u8b66\u544a\u540e\uff0c\u4e24\u8258\u672c\u5468\u4e3a\u4e2d\u56fd\u548c\u5370\u5ea6\u88c5\u8fd0\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u539f\u6cb9\u7684\u6cb9\u8f6e\uff0c\u5df2\u5728\u5468\u4e8c\u4e8e\u7ea2\u6d77\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u6570\u636e\u663e\u793a\uff0c\u8d85\u5927\u578b\u6cb9\u8f6e\uff08VLCC\uff09\u201c\u65b0\u9f99\u6d0b\u53f7\u201d\uff08Xin LongYang\uff09\u4e8e\u5468\u4e00\u5728\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u7ea2\u6d77\u6e2f\u53e3\u5ef6\u5e03\u6e2f\u5b8c\u6210200\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u88c5\u8f7d\u540e\uff0c\u539f\u5b9a\u5f80\u5357\u901a\u8fc7\u66fc\u5fb7\u6d77\u5ce1\u9a76\u79bb\u7ea2\u6d77\u524d\u5f80\u4e2d\u56fd\uff0c\u4f46\u968f\u540e\u5f80\u5317\u6389\u5934\uff0c\u6539\u9a76\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u6570\u636e\u4ea6\u663e\u793a\uff0c\u4e3a\u5370\u5ea6\u88c5\u8f7d\u7ea670\u4e07\u6876\u6c99\u56fd\u539f\u6cb9\u7684\u6cb9\u8f6e\u201c\u7f57\u5fb7\u65af\u53f7\u201d\uff08Rodos\uff09\uff0c\u4e5f\u5728\u5468\u4e8c\u5f80\u5317\u6389\u5934\u8f6c\u5411\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u3002 \u8fd9\u610f\u5473\u7740\u8fd9\u4e24\u8258\u6cb9\u8f6e\u907f\u5f00\u7ea2\u6d77\u901a\u5f80\u4e9a\u6d32\u6700\u5feb\u7684\u66fc\u5fb7\u6d77\u5ce1\u822a\u9053\uff0c\u53ef\u80fd\u5f80\u5317\u901a\u8fc7\u82cf\u4f0a\u58eb\u8fd0\u6cb3\u540e\uff0c\u8fd8\u8981\u5411\u897f\u7a7f\u8d8a\u5730\u4e2d\u6d77\uff0c\u63a5\u7740\u53c8\u8981\u7ed5\u884c\u534a\u4e2a\u975e\u6d32\uff0c\u518d\u4ece\u975e\u6d32\u6700\u5357\u7aef\u597d\u671b\u89d2\u5411\u4e1c\u822a\u5411\u4e9a\u6d32\u3002\u5982\u679c\u76ee\u524d\u6c99\u56fd\u6781\u5ea6\u501a\u8d56\u7528\u6765\u51fa\u53e3\u539f\u6cb9\u7684\u7ea2\u6d77\u5ef6\u5e03\u6e2f\uff0c\u5411\u4e9a\u6d32\u8f93\u51fa\u77f3\u6cb9\u90fd\u8981\u8d70\u8fd9\u6761\u6781\u4e3a\u6f2b\u957f\u7684\u7ed5\u9053\u8def\u7ebf\uff0c\u4e0d\u4f46\u4ea4\u671f\u5927\u5e45\u5ef6\u957f\uff0c\u8fd0\u8d39\u4e5f\u5c06\u5927\u5e45\u589e\u52a0\u3002 KCMTrade\u7684\u4ea7\u4e1a\u5206\u6790\u5e08\u534e\u7279\u5c14\u8868\u793a\uff1a\u201c\u9752\u5e74\u8fd0\u52a8\u7ec4\u7ec7\u5bf9\u6c99\u4e4c\u5730\u963f\u62c9\u4f2f\u5b9e\u65bd\u6d77\u4e0a\u5c01\u9501\u7684\u5a01\u80c1\u76f8\u5f53\u91cd\u5927\uff0c\u56e0\u4e3a\u8fd9\u589e\u52a0\u4e86\u53e6\u4e00\u4e2a\u4e3b\u8981\u77f3\u6cb9\u51fa\u53e3\u56fd\u4f9b\u5e94\u4e2d\u65ad\u7684\u98ce\u9669\u3002\u201d \u800c\u5728\u539f\u672c\u5c31\u7832\u58f0\u9686\u9686\u7684\u6ce2\u65af\u6e7e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff0c\u82f1\u56fd\u6d77\u4e8b\u8d38\u6613\u884c\u52a8\u529e\u516c\u5ba4\uff08UKMTO\uff09\u5468\u4e8c\u8868\u793a\uff0c\u53c8\u4e00\u8258\u6cb9\u8f6e\u5728\u6d77\u5ce1\u901a\u62a5\u906d\u4e0d\u660e\u53d1\u5c04\u7269\u51fb\u4e2d\uff0c\u8feb\u4f7f\u8239\u5458\u5f03\u8239\u3002 \u745e\u5178\u5317\u6b27\u65af\u5b89\u94f6\u884c\u7814\u7a76\u516c\u53f8\uff08SEBResearch\uff09\u5728\u62a5\u544a\u4e2d\u6307\u51fa\uff1a\u201c\u4e50\u89c2\u8005\u53ef\u80fd\u4f1a\u628a\u7f8e\u56fd\u6700\u8fd1\u7684\u653b\u51fb\uff0c\u89c6\u4e3a\u5728\u8fbe\u6210\u59a5\u534f\u5e76\u91cd\u65b0\u5f00\u653e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u4e4b\u524d\uff0c\u7528\u6765\u5f3a\u5316\u8c08\u5224\u7acb\u573a\u7684\u6700\u540e\u5c1d\u8bd5\u3002\u201d \u4f46\u62a5\u544a\u4e2d\u63a5\u7740\u8bf4\uff1a\u201c\u7136\u800c\uff0c\u98ce\u9669\u5728\u4e8e\u8fd9\u573a\u51b2\u7a81\u6f14\u53d8\u6210\u66f4\u4e3a\u957f\u671f\u7684\u5bf9\u5cd9\u50f5\u5c40\uff0c\u4f34\u968f\u7740\u80fd\u6e90\u6d41\u5411\u6301\u7eed\u9677\u5165\u4e0d\u786e\u5b9a\u72b6\u51b5\u3001\u6cb9\u4ef7\u66f4\u9ad8\uff0c\u4ee5\u53ca\u653b\u51fb\u53cd\u590d\u53d1\u751f\u7684\u72b6\u51b5\u3002\u201d \u592a\u62a5   \u514d\u8d23\u58f0\u660e\uff1a\u7b2c\u4e09\u65b9\u8a00\u8bba\/\u65b0\u95fb\uff08\u6216\u56fe\u7247\uff09\u4e3a\u5206\u4eab\/\u63f4\u5f15\/\u50a8\u5b58\u4fe1\u606f\uff0c\u5176\u5185\u5bb9\u5e76\u4e0d\u4ee3\u8868\u672c\u62a5\/\u672c\u7f51\u7acb\u573a\uff0c\u5982\u6709\u9519\u8bef\u6216\u76f8\u5173\u4fb5\u6743\u8bf7\u8054\u7cfb\u6211\u4eec\u5220\u9664\uff0c\u8c22\u8c22\uff01","og_url":"https:\/\/huanqiuribao.com\/?p=37858","og_site_name":"Huanqiuribao","article_published_time":"2026-07-22T06:00:39+00:00","og_image":[{"width":665,"height":380,"url":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2026\/07\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg","type":"image\/jpeg"}],"author":"wind","twitter_card":"summary_large_image","twitter_misc":{"Written by":"wind","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/huanqiuribao.com\/?p=37858#article","isPartOf":{"@id":"https:\/\/huanqiuribao.com\/?p=37858"},"author":{"name":"wind","@id":"https:\/\/huanqiuribao.com\/#\/schema\/person\/283ca5b3514e2e690fc7eae72cbdf060"},"headline":"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8","datePublished":"2026-07-22T06:00:39+00:00","mainEntityOfPage":{"@id":"https:\/\/huanqiuribao.com\/?p=37858"},"wordCount":14,"publisher":{"@id":"https:\/\/huanqiuribao.com\/#organization"},"image":{"@id":"https:\/\/huanqiuribao.com\/?p=37858#primaryimage"},"thumbnailUrl":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2026\/07\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg","articleSection":["\u4ea7\u7ecf"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/huanqiuribao.com\/?p=37858","url":"https:\/\/huanqiuribao.com\/?p=37858","name":"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8 - Huanqiuribao","isPartOf":{"@id":"https:\/\/huanqiuribao.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/huanqiuribao.com\/?p=37858#primaryimage"},"image":{"@id":"https:\/\/huanqiuribao.com\/?p=37858#primaryimage"},"thumbnailUrl":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2026\/07\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg","datePublished":"2026-07-22T06:00:39+00:00","breadcrumb":{"@id":"https:\/\/huanqiuribao.com\/?p=37858#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/huanqiuribao.com\/?p=37858"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/huanqiuribao.com\/?p=37858#primaryimage","url":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2026\/07\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg","contentUrl":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2026\/07\/\u5c4f\u5e55\u622a\u56fe-2026-07-22-102919.jpg","width":665,"height":380},{"@type":"BreadcrumbList","@id":"https:\/\/huanqiuribao.com\/?p=37858#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/huanqiuribao.com\/"},{"@type":"ListItem","position":2,"name":"\u66fc\u5fb7\u6d77\u5ce1\u5df2\u73b0\u5173\u95ed\u8ff9\u8c61\uff0c\u6cb9\u4ef7\u5927\u6da8"}]},{"@type":"WebSite","@id":"https:\/\/huanqiuribao.com\/#website","url":"https:\/\/huanqiuribao.com\/","name":"Huanqiuribao","description":"","publisher":{"@id":"https:\/\/huanqiuribao.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/huanqiuribao.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/huanqiuribao.com\/#organization","name":"Huanqiuribao","url":"https:\/\/huanqiuribao.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/huanqiuribao.com\/#\/schema\/logo\/image\/","url":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2025\/07\/cropped-LOGO-HQRB.png","contentUrl":"https:\/\/huanqiuribao.com\/wp-content\/uploads\/2025\/07\/cropped-LOGO-HQRB.png","width":898,"height":194,"caption":"Huanqiuribao"},"image":{"@id":"https:\/\/huanqiuribao.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/huanqiuribao.com\/#\/schema\/person\/283ca5b3514e2e690fc7eae72cbdf060","name":"wind","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/20d94feab97104eed747c4aa8a4d2e90b99e059c53d67db52bc8a67322c82eb9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/20d94feab97104eed747c4aa8a4d2e90b99e059c53d67db52bc8a67322c82eb9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/20d94feab97104eed747c4aa8a4d2e90b99e059c53d67db52bc8a67322c82eb9?s=96&d=mm&r=g","caption":"wind"},"url":"https:\/\/huanqiuribao.com\/?author=2"}]}},"_links":{"self":[{"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/posts\/37858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37858"}],"version-history":[{"count":1,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/posts\/37858\/revisions"}],"predecessor-version":[{"id":37860,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/posts\/37858\/revisions\/37860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=\/wp\/v2\/media\/37859"}],"wp:attachment":[{"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huanqiuribao.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}