机构指铝行业2026年供需格局或为供不应求

金吾资讯
Dec 05, 2025

华泰期货指出,北方地区因环保等因素影响出现减产情况,对当前过剩局面贡献极为有限,电解铝厂原料储备充足,冬储难有短期扰动。铝土矿价格坚挺,国产矿短期面临环保压力,进口矿供应开始增加,对价格的情绪开始转弱,当前考验矿端成本支撑。当前氧化铝估值偏低,铝土矿价格已经跌至几内亚边际最高成本,几内亚铝土矿的不确定性风险需要防范。此前华泰证券指出,供需改善或成金属行业2026年主基调。货币宽松经济恢复阶段,有望...

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