Group 1 - Goldman Sachs has raised its 2026 iron ore price forecast to an average of $93 per ton, which is $5 higher than previous estimates, influenced by macroeconomic support, tightening inventories, and strong steel production in China [1] - Analysts noted that the iron ore market supply has been tighter than expected in recent months, with strong steel production in China and stable port inventories over the past two quarters supporting iron ore prices [1] - Iron ore futures have risen for the third consecutive day, increasing by 0.7% to $106.45 per ton, rebounding approximately 15% from mid-June lows as China takes measures to reduce industrial overcapacity [1] Group 2 - Despite strong steel exports, demand remains under pressure, with Goldman Sachs projecting that iron ore prices will drop to $88 per ton by the last quarter of 2026, although this is an increase from the previous forecast of $80 [4] - Global iron ore shipments have increased by 15% year-on-year so far this quarter, which may exacerbate seasonal increases in port inventories and lead to a continuous rise in inventories throughout 2026 [4]
高盛上调明年铁矿石价格预测 但仍维持看跌立场
Zhi Tong Cai Jing·2025-10-29 07:09