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衞星化學(002648.SZ):主要從美國進口乙烷,反制關税對公司日常經營影響較小
格隆匯 04-08 15:32

格隆匯4月8日丨衞星化學(002648.SZ)在投資者互動平台表示,公司主要從美國進口乙烷,反制關税對公司日常經營影響較小。乙烷是國家鼓勵進口的清潔能源,2024年底税則委員會已將乙烷在《2025年關税調整方案》中進行單列,並將關税從2%下降至1%。目前,税則委員會對原產於美國的進口商品加徵關税政策尚未正式生效,最終乙烷是否加徵關税還不確定。公司現已制定三套方案:一是積極與相關部門反應,爭取乙烷不列入加徵關税清單;二是如列入加徵清單,公司將第一時間爭取豁免;三是如對乙烷加徵關税,公司通過加工貿易手冊、換貨等業務模式應對加徵關税的影響。預計增加成本3%-5%,對公司全年經營不會造成根本性影響。我們看到加徵關税,原材料價格開始下跌,例如丙烷FEI價格已從月初618美元/噸跌至518美元/噸,下跌了100美元/噸。此外,我國每年從美國進口化學品量較大,如聚乙烯進口約238萬噸,一旦加徵關税,減少進口導致國內供應缺口,產品價格有上升預期。原料端和產品端價差大概率擴大,將對沖加徵關税的影響。

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