A contract that locks in price and volume for months or years. For a buyer, it is insurance against a shortage; for the seller, it is a promise that can become a problem if prices fall.
长期协议
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Toshiba just announced a $400 million factory plan. Seagate lost billions in market value. 长期协议 · 第 6 张术语卡 | Why it matters here ▸ Seagate's nearline capacity is committed into 2028 and Western Digital's agreements run into 2029-31 — which is why some analysts think the panic is early. 长期协议把行业从「现货市场」变成「合约市场」。好处是现金流可预测、股价更稳；代价是当现货价格暴涨时，卖方享受不到；当价格暴跌时，买方又可能想重谈。读存储与芯片公司的财报，要看「已签约产能覆盖到哪一年」，这是判断订单能见度的关键指标。 |