基础化工周报：焦煤焦炭价格下跌

Investment Rating - The industry investment rating is "Increase" indicating an expected outperformance of the industry index relative to the benchmark by more than 5% in the next six months [76]. Core Insights - The report highlights a decline in prices for coking coal and coke, with significant price changes observed across various chemical sectors, including polyurethane and coal chemical industries [2][3][50]. - The average prices for pure MDI, polymer MDI, and TDI are reported as 18,760, 18,050, and 12,900 CNY/ton respectively, with respective changes of -40, +130, and 0 CNY/ton [2]. - The report notes that the average price for synthetic ammonia, urea, DMF, and acetic acid are 2,577, 1,818, 4,200, and 2,646 CNY/ton respectively, with changes of -29, -11, -85, and -14 CNY/ton [3]. Summary by Sections 1. Polyurethane Sector - The average prices for pure MDI, polymer MDI, and TDI are 18,760, 18,050, and 12,900 CNY/ton, with respective gross profits of 5,357, 5,649, and 662 CNY/ton [2][10]. - The gross profit changes for pure MDI, polymer MDI, and TDI are -146, +104, and +317 CNY/ton respectively [2]. 2. Oil, Coal, and Olefin Sector - The average prices for ethane, propane, thermal coal, and naphtha are 1,122, 4,444, 643, and 4,572 CNY/ton, with respective changes of -21, -21, -9, and +68 CNY/ton [2]. - The average price for polyethylene is 8,345 CNY/ton, with a slight decrease of 5 CNY/ton [2]. 3. Coal Chemical Sector - The average prices for synthetic ammonia, urea, DMF, and acetic acid are 2,577, 1,818, 4,200, and 2,646 CNY/ton, with respective changes of -29, -11, -85, and -14 CNY/ton [3]. - The gross profits for synthetic ammonia, urea, DMF, and acetic acid are 440, 82, -340, and -34 CNY/ton respectively, with changes of -3, -4, -224, and -46 CNY/ton [3]. 4. Related Listed Companies - Key companies in the chemical sector include Wanhua Chemical, Baofeng Energy, Satellite Chemical, and Hualu Hengsheng [4].