{"id":2083,"date":"2025-12-27T13:22:35","date_gmt":"2025-12-27T06:22:35","guid":{"rendered":"https:\/\/hoanongteva.com\/?p=2083"},"modified":"2025-12-27T13:22:35","modified_gmt":"2025-12-27T06:22:35","slug":"thi-truong-hang-hoa-2025-nam-bung-no-cua-kim-loai-quy","status":"publish","type":"post","link":"https:\/\/hoanongteva.com\/?p=2083","title":{"rendered":"Th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a 2025: N\u0103m b\u00f9ng n\u1ed5 c\u1ee7a kim lo\u1ea1i qu\u00fd"},"content":{"rendered":"

\n<\/p>\n

\n

Th\u1ecb tr\u01b0\u1eddng h\u00e0ng h\u00f3a 2025: N\u0103m b\u00f9ng n\u1ed5 c\u1ee7a kim lo\u1ea1i qu\u00fd<\/p>\n

N\u0103m 2025 \u0111\u00e3 kh\u1eb3ng \u0111\u1ecbnh vai tr\u00f2 quan tr\u1ecdng c\u1ee7a h\u00e0ng h\u00f3a trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 khi tr\u1edf th\u00e0nh m\u1ed9t trong hai lo\u1ea1i t\u00e0i s\u1ea3n c\u00f3 hi\u1ec7u su\u1ea5t t\u1ed1t nh\u1ea5t, mang l\u1ea1i kh\u1ea3 n\u0103ng \u0111a d\u1ea1ng h\u00f3a v\u00e0 b\u1ea3o v\u1ec7 kh\u1ecfi l\u1ea1m ph\u00e1t gi\u1eefa b\u1ed1i c\u1ea3nh bi\u1ebfn \u0111\u1ed9ng gia t\u0103ng. <\/p>\n

Top h\u00e0ng h\u00f3a t\u0103ng\/gi\u1ea3m trong n\u0103m 2025<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n
\"\" <\/p>\n

Ngu\u1ed3n: T\u1ed5ng h\u1ee3p, d\u1eef li\u1ec7u t\u00ednh t\u1edbi ng\u00e0y 20\/12<\/p>\n

\n <\/td>\n


\n <\/tr>\n


\n <\/tbody>\n


\n<\/table>\n

V\u00e0ng, b\u1ea1c v\u00e0 b\u1ea1ch kim \u0111ua nhau l\u1eadp \u0111\u1ec9nh <\/span><\/p>\n

N\u0103m 2025, c\u1ea3 v\u00e0ng v\u00e0 b\u1ea1c \u0111\u1ed3ng lo\u1ea1t thi\u1ebft l\u1eadp nh\u1eefng k\u1ef7 l\u1ee5c gi\u00e1 m\u1edbi, trong \u0111\u00f3 b\u1ea1c g\u00e2y b\u1ea5t ng\u1edd h\u01a1n c\u1ea3.<\/p>\n

T\u00ednh t\u1edbi ng\u00e0y 19\/12, gi\u00e1 b\u1ea1c l\u1eadp k\u1ef7 l\u1ee5c 66 USD\/oz, t\u1ee9c t\u0103ng g\u1ea7n 130% so v\u1edbi \u0111\u1ea7u n\u0103m v\u00e0 l\u00e0 kim lo\u1ea1i qu\u00fd t\u0103ng m\u1ea1nh nh\u1ea5t trong n\u0103m nay. <\/p>\n

Di\u1ec5n bi\u1ebfn gi\u00e1 b\u1ea1c<\/span><\/strong><\/p>\n

\"\"<\/p>\n

\u0110\u1ee3t t\u0103ng gi\u00e1 b\u1ea1c \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi ngu\u1ed3n cung th\u1ea5p, nhu c\u1ea7u cao t\u1eeb \u1ea4n \u0110\u1ed9, nhu c\u1ea7u c\u00f4ng nghi\u1ec7p t\u0103ng m\u1ea1nh v\u00e0 \u1ea3nh h\u01b0\u1edfng thu\u1ebf quan. Kh\u00e1c v\u1edbi v\u00e0ng, b\u1ea1c ch\u1ee7 y\u1ebfu l\u00e0 s\u1ea3n ph\u1ea9m ph\u1ee5 n\u00ean c\u00e1c th\u1ee3 m\u1ecf kh\u00f3 \u0111\u00e1p \u1ee9ng nhu c\u1ea7u t\u0103ng t\u1eeb \u0111i\u1ec7n t\u1eed v\u00e0 pin m\u1eb7t tr\u1eddi. <\/p>\n

T\u00ecnh tr\u1ea1ng thi\u1ebfu h\u1ee5t tr\u1ea7m tr\u1ecdng h\u01a1n khi M\u1ef9 t\u00edch tr\u1eef 456 tri\u1ec7u ounce – g\u1ea5p ba l\u1ea7n m\u1ee9c trung b\u00ecnh l\u1ecbch s\u1eed do lo ng\u1ea1i thu\u1ebf quan, trong khi c\u00e1c khu v\u1ef1c kh\u00e1c nh\u01b0 Trung Qu\u1ed1c c\u00f3 t\u1ed3n kho th\u1ea5p. Nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1ecf l\u1ebb B\u1eafc M\u1ef9 c\u0169ng \u0111\u1ed5 x\u00f4 v\u00e0o kim lo\u1ea1i “v\u00e0ng c\u1ee7a ng\u01b0\u1eddi ngh\u00e8o” n\u00e0y.<\/p>\n

Hai kim lo\u1ea1i qu\u00fd kh\u00e1c l\u00e0 b\u1ea1ch kim v\u00e0 Palladium c\u0169ng t\u0103ng m\u1ea1nh trong n\u0103m nay, v\u1edbi m\u1ee9c t\u0103ng t\u01b0\u01a1ng \u1ee9ng 119% v\u00e0 94%, \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi th\u00e2m h\u1ee5t ngu\u1ed3n cung do t\u00ednh ch\u1ea5t c\u00f4ng nghi\u1ec7p c\u1ee7a ch\u00fang. <\/p>\n

V\u00e0ng c\u0169ng kh\u00f4ng k\u00e9m c\u1ea1nh khi l\u1ea7n \u0111\u1ea7u v\u01b0\u1ee3t m\u1ed1c 4,350 USD, \u0111\u00e1nh d\u1ea5u m\u1ee9c t\u0103ng h\u01a1n 64% so v\u1edbi \u0111\u1ea7u n\u0103m.<\/p>\n <\/p>\n <\/p>\n <\/p>\n
<\/p>\n

Di\u1ec5n bi\u1ebfn gi\u00e1 v\u00e0ng tr\u00ean s\u00e0n COMEX<\/span><\/p>\n


\n \"\"<\/td>\n


\n <\/tr>\n


\n <\/tbody>\n


\n<\/table>\n

Theo H\u1ed9i \u0111\u1ed3ng V\u00e0ng Th\u1ebf gi\u1edbi (WGC) v\u00e0 JP Morgan, gi\u00e1 v\u00e0ng t\u0103ng m\u1ea1nh do b\u1ea5t \u1ed5n \u0111\u1ecba ch\u00ednh tr\u1ecb gia t\u0103ng, USD suy y\u1ebfu 10% trong n\u0103m, v\u00e0 ch\u00ednh s\u00e1ch thu\u1ebf quan Trump g\u00e2y b\u1ea5t \u1ed5n th\u01b0\u01a1ng m\u1ea1i. C\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng mua r\u00f2ng m\u1ea1nh, trong khi nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm ki\u1ebfm t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n. <\/p>\n

Trung Qu\u1ed1c v\u00e0 nhi\u1ec1u n\u01b0\u1edbc \u0111ang chuy\u1ec3n d\u1ef1 tr\u1eef t\u1eeb tr\u00e1i phi\u1ebfu kho b\u1ea1c M\u1ef9 sang v\u00e0ng sau khi Washington tr\u1eebng ph\u1ea1t Nga n\u0103m 2022, xu h\u01b0\u1edbng n\u00e0y c\u00e0ng m\u1ea1nh trong b\u1ed1i c\u1ea3nh c\u0103ng th\u1eb3ng th\u01b0\u01a1ng m\u1ea1i M\u1ef9-Trung leo thang.<\/p>\n

\u0110\u1ed3ng n\u1ed5i b\u1eadt trong nh\u00f3m kim lo\u1ea1i c\u00f4ng nghi\u1ec7p <\/span><\/p>\n

Gi\u00e1 \u0111\u1ed3ng – kim lo\u1ea1i kh\u00f4ng th\u1ec3 thi\u1ebfu trong xe \u0111i\u1ec7n, smartphone v\u00e0 l\u01b0\u1edbi \u0111i\u1ec7n – \u0111\u00e3 l\u1eadp k\u1ef7 l\u1ee5c m\u1edbi v\u00e0 t\u0103ng h\u01a1n 34% t\u1eeb \u0111\u1ea7u n\u0103m.<\/p>\n <\/p>\n <\/p>\n <\/p>\n
<\/p>\n

Di\u1ec5n bi\u1ebfn gi\u00e1 \u0111\u1ed3ng trong 1 n\u0103m qua<\/span><\/p>\n


\n \"\"<\/td>\n


\n <\/tr>\n


\n <\/tbody>\n


\n<\/table>\n

Nguy\u00ean nh\u00e2n ch\u00ednh \u0111\u1ebfn t\u1eeb cu\u1ed9c \u0111ua t\u00edch tr\u1eef t\u1ea1i M\u1ef9 v\u00ec lo ng\u1ea1i thu\u1ebf quan Trump (ch\u00ednh quy\u1ec1n \u0111ang c\u00e2n nh\u1eafc \u00e1p thu\u1ebf v\u1edbi kim lo\u1ea1i \u0111\u1ed3ng) v\u00e0 t\u00ecnh tr\u1ea1ng thi\u1ebfu h\u1ee5t ngu\u1ed3n cung nghi\u00eam tr\u1ecdng. <\/p>\n

T\u1ed3n kho \u0111\u1ed3ng t\u1ea1i S\u00e0n giao d\u1ecbch Kim lo\u1ea1i London (LME) \u0111\u00e3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 100 ng\u00e0n t\u1ea5n – m\u1ee9c th\u1ea5p k\u1ef7 l\u1ee5c. Ngo\u00e0i ra, c\u00e1c gi\u00e1n \u0111o\u1ea1n b\u1ea5t ng\u1edd t\u1ea1i m\u1ecf kim lo\u1ea1i l\u1edbn \u1edf Indonesia, Chile v\u00e0 Congo c\u00f9ng k\u1ef3 v\u1ecdng Fed h\u1ea1 l\u00e3i su\u1ea5t ti\u1ebfp t\u1ee5c \u0111\u1ea9y gi\u00e1 l\u00ean cao. <\/p>\n

Citi d\u1ef1 b\u00e1o gi\u00e1 \u0111\u1ed3ng s\u1ebd \u0111\u1ea1t trung b\u00ecnh 13 ng\u00e0n USD\/t\u1ea5n trong qu\u00fd 2 n\u0103m t\u1edbi nh\u1edd nhu c\u1ea7u m\u1ea1nh t\u1eeb xe \u0111i\u1ec7n, trung t\u00e2m d\u1eef li\u1ec7u AI v\u00e0 chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng t\u00e1i t\u1ea1o, trong khi ngu\u1ed3n cung t\u1eeb m\u1ecf v\u1eabn b\u1ecb h\u1ea1n ch\u1ebf. <\/p>\n

Gi\u00e1 cacao lao d\u1ed1c<\/span><\/p>\n

\u1ede chi\u1ec1u ng\u01b0\u1ee3c l\u1ea1i, gi\u00e1 cacao lao d\u1ed1c m\u1ea1nh nh\u1ea5t trong n\u0103m 2025, v\u1edbi m\u1ee9c gi\u1ea3m g\u1ea7n 50% so v\u1edbi \u0111\u1ea7u n\u0103m. <\/p>\n

Di\u1ec5n bi\u1ebfn gi\u00e1 cacao<\/span><\/strong><\/p>\n

\"\"<\/p>\n

\u0110\u1ee3t gi\u1ea3m gi\u00e1 n\u00e0y b\u1eaft \u0111\u1ea7u t\u1eeb th\u00e1ng 1\/2025. Sau khi \u0111\u1ea1t \u0111\u1ec9nh g\u1ea7n 12,000 USD\/t\u1ea5n v\u00e0o cu\u1ed1i 2024, cacao hi\u1ec7n ch\u1ec9 c\u00f2n giao d\u1ecbch \u1edf m\u1ee9c kho\u1ea3ng 5,950 USD\/t\u1ea5n. <\/p>\n

Theo c\u00e1c chuy\u00ean gia, nguy\u00ean nh\u00e2n ch\u00ednh \u0111\u1ebfn t\u1eeb hai y\u1ebfu t\u1ed1: D\u1ef1 b\u00e1o thu ho\u1ea1ch l\u1ea1c quan t\u1ea1i B\u1edd Bi\u1ec3n Ng\u00e0 v\u00e0 s\u1ef1 k\u1ebft th\u00fac c\u1ee7a l\u00e0n s\u00f3ng \u0111\u1ea7u c\u01a1 \u0111\u00e3 th\u00fac \u0111\u1ea9y gi\u00e1 t\u0103ng v\u1ecdt trong n\u0103m 2024.<\/p>\n

Simon Lacoume, chuy\u00ean gia kinh t\u1ebf ng\u00e0nh, nh\u1eadn \u0111\u1ecbnh: “Sau hai n\u0103m c\u0103ng th\u1eb3ng, \u0111\u1ee3t \u0111i\u1ec1u ch\u1ec9nh hi\u1ec7n t\u1ea1i \u0111ang \u0111\u01b0a gi\u00e1 cacao tr\u1edf l\u1ea1i m\u1ee9c h\u1ee3p l\u00fd h\u01a1n. Tuy nhi\u00ean, s\u1ebd l\u00e0 \u1ea3o t\u01b0\u1edfng khi n\u00f3i v\u1ec1 s\u1ef1 b\u00ecnh th\u01b0\u1eddng h\u00f3a – ng\u00e0nh n\u00e0y v\u1eabn m\u1ecfng manh do c\u00e1c r\u00e0ng bu\u1ed9c c\u1ea5u tr\u00fac v\u00e0 s\u1ef1 t\u1eadp trung \u0111\u1ecba l\u00fd cao c\u1ee7a vi\u1ec7c s\u1ea3n xu\u1ea5t \u0111\u1eadu cacao\u201d. <\/p>\n

M\u1eb7c d\u00f9 gi\u1ea3m m\u1ea1nh, gi\u00e1 cacao n\u0103m 2025 v\u1eabn cao g\u1ea5p \u0111\u00f4i so v\u1edbi m\u1ee9c trung b\u00ecnh giai \u0111o\u1ea1n 2012-2022 (2,525 USD\/t\u1ea5n). S\u1ef1 s\u1ee5t gi\u1ea3m n\u00e0y mang l\u1ea1i c\u01a1 h\u1ed9i h\u1ed3i ph\u1ee5c cho c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t v\u00e0 b\u00e1n l\u1ebb chocolate \u1edf Nam Phi v\u00e0 ch\u00e2u Phi sau chi ph\u00ed k\u1ef7 l\u1ee5c c\u1ee7a n\u0103m tr\u01b0\u1edbc, \u0111\u1ed3ng th\u1eddi t\u1ea1o kh\u1ea3 n\u0103ng cung c\u1ea5p s\u1ea3n ph\u1ea9m gi\u00e1 c\u1ea3 ph\u1ea3i ch\u0103ng h\u01a1n cho ng\u01b0\u1eddi ti\u00eau d\u00f9ng trong m\u00f9a l\u1ec5 h\u1ed9i.<\/p>\n

Tuy nhi\u00ean, ng\u00e0nh cacao v\u1eabn ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c l\u00e2u d\u00e0i. R\u1ee7i ro chu\u1ed7i cung \u1ee9ng li\u00ean t\u1ee5c, chi ph\u00ed v\u1eabn cao so v\u1edbi l\u1ecbch s\u1eed, v\u00e0 nhu c\u1ea7u v\u1ec1 t\u00ednh b\u1ec1n v\u1eefng ng\u00e0y c\u00e0ng t\u0103ng. \u0110\u1eb7c bi\u1ec7t, vi\u1ec7c ph\u1ea7n l\u1edbn cacao \u0111\u01b0\u1ee3c s\u1ea3n xu\u1ea5t t\u1ea1i khu v\u1ef1c t\u1eadp trung v\u00e0 d\u1ec5 b\u1ecb t\u1ed5n th\u01b0\u01a1ng \u1edf T\u00e2y Phi ti\u1ebfp t\u1ee5c t\u1ea1o \u00e1p l\u1ef1c l\u00ean c\u1ea3 doanh nghi\u1ec7p \u0111\u1ecba ph\u01b0\u01a1ng v\u00e0 n\u1ec1n kinh t\u1ebf to\u00e0n khu v\u1ef1c. <\/p>\n

Gi\u00e1 d\u1ea7u ch\u1ea1m \u0111\u00e1y 4 n\u0103m v\u00ec d\u01b0 cung<\/span><\/p>\n

M\u1ed9t h\u00e0ng h\u00f3a kh\u00e1c c\u0169ng gi\u1ea3m m\u1ea1nh trong n\u0103m nay l\u00e0 gi\u00e1 d\u1ea7u th\u00f4. T\u00ednh t\u1edbi ng\u00e0y 19\/12, h\u1ee3p \u0111\u1ed3ng d\u1ea7u WTI t\u01b0\u01a1ng lai v\u1ec1 56 USD\/th\u00f9ng, gi\u1ea3m g\u1ea7n 22% so v\u1edbi \u0111\u1ea7u n\u0103m 2025 v\u00e0 g\u1ea7n m\u1ee9c \u0111\u00e1y 4 n\u0103m.<\/p>\n <\/p>\n <\/p>\n <\/p>\n
<\/p>\n

Di\u1ec5n bi\u1ebfn gi\u00e1 d\u1ea7u WTI<\/span><\/p>\n


\n \"\"<\/td>\n


\n <\/tr>\n


\n <\/tbody>\n


\n<\/table>\n

Nguy\u00ean nh\u00e2n \u0111\u1ebfn t\u1eeb c\u1ea3 ph\u00eda c\u1ea7u l\u1eabn cung. Ch\u00ednh s\u00e1ch th\u01b0\u01a1ng m\u1ea1i c\u1ee7a T\u1ed5ng th\u1ed1ng M\u1ef9 Donald Trump \u0111ang t\u1ea1o \u00e1p l\u1ef1c l\u00ean tri\u1ec3n v\u1ecdng kinh t\u1ebf to\u00e0n c\u1ea7u, v\u00e0 Trung Qu\u1ed1c, ng\u01b0\u1eddi ti\u00eau th\u1ee5 d\u1ea7u th\u00f4 l\u1edbn th\u1ee9 hai, \u0111ang g\u1eb7p kh\u00f3 kh\u0103n v\u1edbi s\u1ef1 suy tho\u00e1i th\u1ecb tr\u01b0\u1eddng b\u1ea5t \u0111\u1ed9ng s\u1ea3n v\u00e0 chi ti\u00eau ti\u00eau d\u00f9ng y\u1ebfu. <\/p>\n

\u1ede ph\u00eda cung, OPEC+, li\u00ean minh c\u00e1c nh\u00e0 s\u1ea3n xu\u1ea5t do \u1ea2-r\u1eadp Saudi d\u1eabn \u0111\u1ea7u, \u0111\u00e3 \u0111ang \u0111\u1ea3o ng\u01b0\u1ee3c c\u00e1c \u0111\u1ee3t c\u1eaft gi\u1ea3m s\u1ea3n l\u01b0\u1ee3ng tr\u01b0\u1edbc \u0111\u00f3. C\u00e1c n\u01b0\u1edbc ngo\u00e0i nh\u00f3m n\u00e0y, \u0111\u1eb7c bi\u1ec7t l\u00e0 nh\u1eefng n\u01b0\u1edbc \u1edf ch\u00e2u M\u1ef9, c\u0169ng \u0111ang s\u1ea3n xu\u1ea5t nhi\u1ec1u th\u00f9ng h\u01a1n. <\/p>\n

\u0110\u00e2y c\u00f3 th\u1ec3 l\u00e0 n\u0103m d\u01b0 cung d\u1ea7u nghi\u00eam tr\u1ecdng \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb 2020. khi C\u01a1 quan N\u0103ng l\u01b0\u1ee3ng Qu\u1ed1c t\u1ebf (IEA) d\u1ef1 b\u00e1o ngu\u1ed3n cung v\u01b0\u1ee3t nhu c\u1ea7u 2.4 tri\u1ec7u th\u00f9ng\/ng\u00e0y. Ngu\u1ed3n cung d\u1ea7u \u0111\u01b0\u1ee3c d\u1ef1 b\u00e1o s\u1ebd th\u1eb7ng d\u01b0 v\u00e0i tri\u1ec7u th\u00f9ng trong n\u0103m 2026, ch\u1ee7 y\u1ebfu t\u1eeb s\u1ef1 gia t\u0103ng s\u1ea3n l\u01b0\u1ee3ng m\u1ea1nh m\u1ebd c\u1ee7a M\u1ef9.<\/p>\n

V\u0169 H\u1ea1o<\/a><\/p>\n

FILI<\/a><\/p>\n

– 12:00 27\/12\/2025<\/p>\n<\/p><\/div>\n