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中信建投:溴素價格自底部逐步上行 行業相關公司迎來重估
中信建投研報稱,溴素作為下游應用廣泛的化工品,具備極強的資源屬性,主要通過海水、地下滷水生產獲得,因此被以色列ICL、美國雅寶、德國朗盛佔據全球60%以上的產量。而國內的主要溴產地萊州灣因長期開採,滷水儲量、濃度呈明顯下降態勢,面臨枯竭風險,導致我國溴素產量持續下滑,2025年1—2月進口依賴度升至66%。需求端以PCB板、新能源車為代表的新興領域拉動溴素需求實現7%以上的複合增速。2025年2月以來,我國溴素面臨行業低庫存+國內環保影響+海外供給擾動多重因素影響,價格自底部逐步上行,行業相關公司迎來重估。
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