基础化工行业周报：焦煤焦炭价格继续下跌

Investment Rating - The industry investment rating is neutral, indicating an expected relative performance of the industry index between -5% and 5% over the next six months [132]. Core Insights - The report highlights a continued decline in prices for coking coal and coke, with average prices for coking coal at 1441 CNY/ton and coke at 1573 CNY/ton, reflecting a decrease of 12 CNY and 11 CNY respectively [48][49]. - In the petrochemical sector, the average prices for ethylene, propylene, and other derivatives show mixed trends, with ethylene at 6334 CNY/ton, down by 106 CNY, while propylene remains stable at 7300 CNY/ton [48][49]. - The polyurethane segment shows average prices for pure MDI at 18480 CNY/ton, down by 280 CNY, while the profit margins for pure MDI are reported at 5160 CNY/ton, reflecting a decrease of 196 CNY [17][48]. Summary by Sections 1. Basic Chemical Weekly Data Brief - The report provides weekly average prices and profit margins for various chemical products, indicating fluctuations in the market [50][54]. - The average price for synthetic ammonia is reported at 2610 CNY/ton, with a profit margin of 473 CNY/ton, reflecting a positive change of 33 CNY [18][48]. 2. Polyurethane Sector - The average prices for pure MDI, polymeric MDI, and TDI are reported, with pure MDI showing a significant drop in price and profit margin [17][48]. - The report indicates that the profit margins for polymeric MDI have increased by 125 CNY, suggesting a potential opportunity in this segment [17]. 3. Coal Chemical Sector - The average prices for synthetic ammonia, urea, DMF, and acetic acid are provided, with synthetic ammonia showing a positive price change [18][48]. - The report notes that the profit margins for urea have decreased, indicating potential challenges in this market segment [18]. 4. Oil, Coal, Gas, and Olefin Sector - The report details the average prices for ethane, propane, and other related products, with ethane showing a significant increase in price [7][48]. - The profit margins for ethylene production from various feedstocks are analyzed, indicating varying profitability across different production methods [7][48].