基础化工周报：焦煤焦炭价格继续下跌

Investment Rating - The report does not explicitly state an investment rating for the industry [2] Core Insights - The report highlights a decline in prices for coking coal and coke, with coking coal averaging 1441 CNY/ton and coke at 1573 CNY/ton, both showing a decrease compared to previous periods [3][4] - The polyurethane sector shows mixed performance with pure MDI averaging 18480 CNY/ton, down by 280 CNY/ton, while polymer MDI increased by 90 CNY/ton to 18140 CNY/ton [3] - The oil, coal, and gas olefins sector reports varied price changes, with ethane at 1195 CNY/ton (+72 CNY/ton) and propane at 4374 CNY/ton (-70 CNY/ton) [3] - The coal chemical sector shows synthetic ammonia at 2610 CNY/ton (+33 CNY/ton) and urea at 1772 CNY/ton (-46 CNY/ton), indicating a mixed trend in pricing [4] Summary by Sections 1. Polyurethane Sector - Average prices for pure MDI, polymer MDI, and TDI are 18480 CNY/ton, 18140 CNY/ton, and 12900 CNY/ton respectively, with corresponding profit margins of 5160 CNY/ton, 5774 CNY/ton, and 495 CNY/ton [3][39] 2. Oil, Coal, and Gas Olefins Sector - Ethane and propane prices are reported at 1195 CNY/ton and 4374 CNY/ton respectively, with polyethylene averaging 8370 CNY/ton and polypropylene at 7300 CNY/ton [3][39] 3. Coal Chemical Sector - Average prices for synthetic ammonia, urea, DMF, and acetic acid are 2610 CNY/ton, 1772 CNY/ton, 4135 CNY/ton, and 2685 CNY/ton respectively, with profit margins showing mixed results [4][39]