高盛：受印尼供应加速影响 铝价或跌至每吨2100美元

Core Viewpoint - Goldman Sachs predicts that aluminum prices may drop to $2,100 per ton by early 2026 due to accelerated supply from Indonesia, which will lead to significant oversupply in the market [1] Group 1: Price Forecast - The expected increase in production from three Indonesian smelters, each with a capacity of 500,000 tons, will result in a surplus of 1 million tons in 2026, marking the largest oversupply since 2020 [1] - The price forecast for aluminum in 2026 and 2027 has been revised down from $2,540 and $2,800 to $2,230 and $2,500 per ton, respectively [1] Group 2: Market Dynamics - The decline in cost prices, weak alumina prices, and energy prices will exert downward pressure on aluminum prices in 2026 [1] - As the market rebalances, prices are expected to rise to a range of $2,150 to $2,550 per ton in the following years [1]