30 Oct, 2025

Goldman Sachs raises iron ore price forecast for 2026 to $93/t

The market for these raw materials has remained tense in recent months

Goldman Sachs has raised its iron ore price forecast for 2026 to $93/t (previously $88/t), according to Bloomberg.

These expectations are driven by macroeconomic support, inventory reductions, and steady steel production in China.

However, the published forecast is still significantly below the level at which iron ore futures are currently trading.

According to a note from Goldman Sachs analysts, the market for this commodity remains tighter than expected in recent months. Prices have been supported by steady pig iron production in China, which has kept port inventories unchanged over the past two quarters, as well as the appreciation of the yuan.

Originally published on gmk.center

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