Ha re ntse re atamela beke ea ho qetela ea Phupu 2026, lefats'e ka bopharaphala ea tšepe e se nang sekoli, phala ea tšepe e qhibilihisitsoenglekarolo e se nang letho ea sebopeho'Maraka o tobane le 'nete e ncha e tšoailoeng ke keketseho e kholo ea litšenyehelo tsa thepa ea likepe. Nts'etsopele ena, hammoho le tsitsipano e tsoelang pele ea lipolotiki tsa naha le liphetoho tsa chelete, e fetola sebopeho sa litšenyehelo le maano a theko bakeng sa bareki ba machabeng. Bulletin ena e fana ka tlhaiso-leseling e shebaneng le lintlha tsena tsa bohlokoa le tšusumetso ea tsona thepa ea bohlokoa ea liphaephe tsa tšepe.

Thepa le Thepa: Moeli o Mocha oa Litšenyehelo

Phetoho e kgolo ka ho fetisisa ya nako e haufi ke keketseho e matla ya sekgahla sa thepa ya lewatle. Sena se baka kgatello ya hanghang hodima ditjeo tsohle tsa ho fihla naheng bakeng sa thepa e tswang kantle ho naha ya diphaephe tsa tshepe.

Litšenyehelo tse ntseng li eketseha tsa thepa ea likepe: Sekhahla sa ho romelloa ha dikonteinara ho tloha Asia ho ya ditsing tse kgolo tsa lefatshe se eketsehile ka 15-20% ho tloha mathoasong a kotara ya boraro ya 2026. Keketseho ena, haholo-holo e bakwang ke dithibelo tsa bokgoni le ho se tsitse ha tsela e tswelang pele, e ama ka kotloloho ditjeo tsa ho tlisa thepa.liphaephe tse se nang mohele, liphaephe tse tjheseletsoengleliphaephe tse bophara bo boholoho ea mererong lefatšeng ka bophara.

Litefiso tse Eketsehileng tsa Thepa le Linako tsa ho Kena: Mehala ea ho romela thepa e kentse tšebetsong litefiso tse eketsehileng tsa nako e phahameng le litiisetso tse fokotsehileng tsa sebaka sa likepe. Bareki joale ba tlameha ho nahana ka litšenyehelo tse ling tsa thepa le tieho e ka bang teng ea ho tlisa thepa ha ba rera kemiso ea bona ea theko.

Tšebelisano ea Chelete le Litšenyehelo: Ho fokola ha morao tjena ha yuan ea Chaena khahlanong le USD le EUR ho fana ka phokotso e itseng ho keketseho ea litšenyehelo tsa thepa, empa phello ea nete e ntse e le khatello e nyolohang lithekong tsa ho qetela tse tlisoang.

Sebaka sa Leano la Lipolotiki le Khoebo

Bochabela bohareng: Seterata sa Hormuz se ntse se le sebaka sa lipalangoang se hlokometsoeng, empa se tsitsitse. Litsamaiso tsa kotsi tse thehiloeng le tsa litsela joale li kenyelelitsoe litšenyehelong tsa motheo tsa thepa.

Mehato ea Khoebo: Mokhoa oa ho Lokisa Moeli oa Khabone oa EU (CBAM) joale ke karolo e tloaelehileng ea ts'ebetso ea ho latela melao, e hlokang lintlha tse netefalitsoeng tsa khabone. Tlhahlobo ea litefiso tsa Karolo ea 232 ea US e ntse e tsoela pele ho baka ho se tsitse ha leano.

Litheko tsa Matla: Oli e ntse e tsitsitse ho $65-70 ka har'a moqomo, e leng se fanang ka monyetla oa ho bolela esale pele litšenyehelo bakeng sa tlhahiso ea tšepe e sebelisang matla a mangata.

Mekhoa ea 'Maraka le Leano la Theko bakeng sa Kotara ea Boraro-Kotara ea bone ea 2026

Mokhoa	Tlhaloso bakeng sa Bareki
Thepa e Phahamisang ea Leoatleng	Nahana ka litšenyehelo tse phahameng tsa thepa le linako tse telele tsa ho etella pele. Nahana ka ho kopanya liodara ho ntlafatsa tšebeliso ea likhonteinara.
Ho Feto-fetoha ha Chelete	Sekhahla sa hona joale sa USD/CNY se fana ka monyetla oa ho sebelisa likonteraka tse thehiloeng ho USD.
Ho Kenya Tshebetsong ha CBAM	Netefatsa hore bafepedi ba fana ka diphutheloana tse felletseng tsa data ya carbon footprint, ho kenyeletswa le disetifikeiti tsa matla a tala le netefatso ya sekgahla sa dikgwerekgwere.
Bokhoni ba EAF le Tšepe e Tala	Ho fumaneha ho hoholo ha liphaephe tse se nang moqhaka tse nang le khabone e tlase ho tsoa lifemeng tsa EAF ho fana ka mokhoa o mong oa tlholisano bakeng sa merero e nang le lipheo tsa ESG.
Ho Ikamahanya le Maemo a Tlhokeho	Makala a mantlha a kang Oli le Khase (OCTG, phaephe ea mohala) le Tlhahiso ea Matla (liphaephe tsa boiler) a ntse a tsoela pele ho fana ka tlhoko e tsitsitseng ea motheo.

Leseli la Boitsebiso: Ho Tsamaea Likereiting tsa Bohlokoa le Litlhaloso

Kereiti/Setaele sa Thepa	Tšebeliso ea Bohlokoa	Nako e Tloaelehileng ea ho Etella Pele	Tlhoko le Lintlha tsa H2 2026
API 5L X52 / X60 / X65	Liphaephe tsa phetisetso ea oli le khase	Matsatsi a 35-45	E tšoarella, e na le bophahamo bo phahameng. Tlhokahalo e phahameng ea X65.
API 5L X70	Liphaephe tse nang le khatello e phahameng, tse tsamaeang sebaka se selelele	Matsatsi a 45-55	Ho holisa, ho ipapisitse le projeke. Ho hlokahala ho tjheseletsa ka tsela e khethehileng.
ASTM A106 Kereiti B/C	Tšebeletso ea mocheso o phahameng (lifeme tsa ho hloekisa, lifeme tsa motlakase)	Matsatsi a 30-40	Tlhoko e tsitsitseng, e thehiloeng ka bophara.
ASTM A335 P11/ P22 / P91	Tlhahiso ea motlakase (li-superheater, li-reheater)	Matsatsi a 45-60	E tsitsitseng; P91 bakeng sa dimela tse sebetsang hantle haholo.
ASTM A213 T11 / T22 / T91	Liphaephe tsa boiler, li-exchange tsa mocheso	Matsatsi a 45-60	E tsitsitse ho tloha makaleng a motlakase le a indasteri.
ASTM A312 TP304 / TP304L	Libaka tse senyang (lik'hemik'hale, lijo)	Matsatsi a 40-50	E mahareng; Lekala la L bakeng sa ho tjheseletsa ho ntlafetseng.
ASTM A312 TP316 / TP316L	Leoatleng, lik'hemik'hale, mafome a mangata	Matsatsi a 40-50	Tlhoko e ntseng e hola; TP316L bakeng sa khanyetso e phahameng.
ASTM A333 Kereiti ea 6	Tšebeletso ea mocheso o tlase (LNG, cryogenic)	Matsatsi a 40-55	Sebaka se setle empa se bohlokoa bakeng sa merero ea matla.
ASTM A790 (Duplex 2205)	Libaka tse lebōpong la leoatle, tse nang le mafome a mangata	Matsatsi a 55-70	Ho hola ha phetoho ea matla le makala a leoatle.
EN 10210-1 S355J2H	Meralo ea meaho e phethiloeng ka mocheso	Matsatsi a 35-45	Senotlolo bakeng sa merero ea meralo ea motheo ea Europe.
EN 10219-1 S355J2H	Meaho e entsoeng ka serame, litšehetso	Matsatsi a 30-40	E fumaneha haholo; e sebelisoa tlhahisong e akaretsang.
NACE MR0175 (Tšebeletso e Bolila)	E hanela H2S bakeng sa ho ntša oli le khase	+ Matsatsi a 10-15	Bohlokoa bakeng sa lits'ebetso tsa ho phunya le ho phalla ha metsi.
Liphaephe tse se nang seamless tse nepahetseng	Lisilindara tsa haeteroliki, tsa likoloi	Matsatsi a 35-50	Tlhoko e itekanetseng; limaraka tsa HSLA lia hlaha.

Litlhahiso tsa Maano a Theko

Fokotsa Kotsi ea Thepa: Boloka litheko tsa thepa ea leoatleng esale pele 'me u nahane ka ho behella sebaka sa likepe nako e telele esale pele ho fokotsa ho pepesehela litefiso tse eketsehileng.

Lekola Bocha Litšenyehelo Tsohle tsa ho Fihla: Sekaseka tšusumetso e kopaneng ea litefiso tsa phapanyetsano le thepa ea likepe thekong ea ho qetela ea limaraka tse fapaneng tsa thepa.

Beha Litokomane Pele: Bakeng sa merero ea Europe, etsa hore lintlha tsa khabone tse lumellanang le CBAM e be karolo e ke keng ea buisanoa ea ts'ebetso ea theko.

Haha Buffer Linakong tsa Ketelo Pele: Araba ka tieho e ka bang teng ea thepa ha ho hlophisoa tlhahiso le phano.

Ikopanye le rona esale peleIkopanye le uenamorekisi oa liphaephe tsa tšepeho buisana ka maano a ho ntlafatsa ketane ea hau ea phepelo ho latela tikoloho ea hajoale ea thepa.

Sanonpipe: Molekane oa Hao Sebakeng se Rarahaneng sa Thepa

Re utloisisa liphephetso tse hlahisoang ke ho phahama ha litšenyehelo tsa thepa le ho se tsitse ha lefats'e. Re ikemiselitse ho fana eseng feela ka boleng bo holimoliphaephe tsa tšepe tse se nang sekolileliphaephe tsa tšepe tse kopantsoengempa hape le boiphihlelo ba thepa ho li fana ka tsona ka mokhoa o theko e tlase.

Ikopanye le sehlopha sa ronaho buisana ka litlhoko tsa hau tse ikhethileng le maano a ho tsamaisa 'maraka oa hajoale.

Mantsoe a bohlokoa:phala ea tšepe e se nang moedi, phala ea tšepe e bōpehileng joaloka welded, likarolo tse se nang moedi tsa sebopeho, HSS, tube e sekoere, tube e khutlonnetsepa, EN 10210, EN 10219, S355J2H, API 5L, ASTM A106, ASTM A335, ASTM A213, ASTM A312, ASTM A333, ASTM A790, phala ea tšepe ea carbon, phala ea tšepe ea alloy, phala e se nang moedi ea tšepe e se nang moedi, phala e se nang moedi ea duplex, OCTG, phala ea mohala, tube ea boiler, tube ea phapanyetsano ea mocheso, tube e se nang moedi e nepahetseng, thepa ea leoatle, litšenyehelo tsa thepa, Q3 2026, Q4 2026, leano la theko, morekisi oa stepe.