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研報掘金丨國海證券:維持衛星化學“買入”評級,看好公司長期成長

國海證券研報指出,衛星化學乙烷供應風險解除,高端聚烯烴項目成長可期。2025Q2丙烯酸價差同比擴大,C3業績有望逐步修復。公司α-烯烴綜合利用高端新材料產業園項目於2024年第二季度開工建設,預計於2025年底陸續投產。同時,公司2025年計劃將有年產20萬噸精丙烯酸、年產8萬噸新戊二醇、年產4萬噸EAA項目投產。另外,2025年1月,公司簽約30萬噸高吸收性樹脂項目。公司C2業務成本優勢顯著,α-烯烴綜合利用項目打開成長空間,加速佈局POE等各類新材料,看好公司長期成長,維持“買入”評級。

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