基础化工周报：聚乙烯、聚丙烯价格继续下跌-20250601

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints The report presents the weekly price and profit data of various chemical products, including polyurethane, oil - gas - olefin, and coal - chemical sectors, as well as the performance of related listed companies [2]. 3. Summary by Directory 1.1 基础化工周度数据简报 - Related Company Performance - Stock Price Fluctuations: The basic chemical index decreased by 0.7% in the past week, increased by 1.7% in the past month, decreased by 1.2% in the past three months, and increased by 0.3% in the past year. Among related companies, Wanhua Chemical decreased by 2.2% in the past week, Baofeng Energy decreased by 2.4%, Satellite Chemical decreased by 5.4%, and Hualu Hengsheng increased by 1.8% [8]. - Profit Tracking: The report provides the stock price, total market value, net profit attributable to the parent company, PE, and PB of related companies such as Wanhua Chemical, Baofeng Energy, Satellite Chemical, and Hualu Hengsheng [8]. - Polyurethane Industry Chain - Product Prices and Profits: The average prices of pure MDI, polymer MDI, and TDI this week were 17,900 yuan/ton, 16,060 yuan/ton, and 12,513 yuan/ton respectively, with week - on - week changes of +20 yuan/ton, - 170 yuan/ton, and +395 yuan/ton. The corresponding gross profits were 4,623 yuan/ton, 3,809 yuan/ton, and 1,202 yuan/ton, with week - on - week changes of +185 yuan/ton, - 51 yuan/ton, and +100 yuan/ton [8]. - Oil - Gas - Olefin Industry Chain - Raw Material Prices: The average prices of ethane, propane,动力煤, and naphtha this week were 1,243 yuan/ton, 4,308 yuan/ton, 525 yuan/ton, and 4,075 yuan/ton respectively, with week - on - week changes of - 139 yuan/ton, +6 yuan/ton, 0 yuan/ton, and - 9 yuan/ton [2][8]. - Product Prices and Profits: The average price of polyethylene was 7,867 yuan/ton, a week - on - week decrease of 78 yuan/ton. The theoretical profits of ethylene cracking, CTO, and naphtha cracking to produce polyethylene were 1,237 yuan/ton, 1,897 yuan/ton, and 171 yuan/ton respectively, with week - on - week changes of +56 yuan/ton, - 48 yuan/ton, and - 31 yuan/ton. The average price of polypropylene was 7,180 yuan/ton, a week - on - week decrease of 20 yuan/ton. The theoretical profits of PDH, CTO, and naphtha cracking to produce polypropylene were - 111 yuan/ton, 1,636 yuan/ton, and 93 yuan/ton respectively, with week - on - week changes of - 13 yuan/ton, - 13 yuan/ton, and +3 yuan/ton [2]. - Coal - Chemical Industry Chain - Product Prices and Profits: The average prices of synthetic ammonia, urea, DMF, and acetic acid this week were 2,347 yuan/ton, 1,862 yuan/ton, 4,025 yuan/ton, and 2,450 yuan/ton respectively, with week - on - week changes of +13 yuan/ton, - 13 yuan/ton, 0 yuan/ton, and +19 yuan/ton. The corresponding gross profits were 456 yuan/ton, 184 yuan/ton, - 240 yuan/ton, and 176 yuan/ton, with week - on - week changes of +22 yuan/ton, - 9 yuan/ton, +24 yuan/ton, and +76 yuan/ton [2]. 1.2 基础化工周报 - 2.1 基础化工指数走势 - No specific content is provided in the given text, only the title is mentioned. - 2.2 聚氨酯板块 - The report shows the price and profit trends of pure benzene, pure MDI, polymer MDI, and TDI [17][18]. - 2.3 油煤气烯烃板块 - It presents the price trends of raw materials such as MB ethane, NYMEX natural gas, East China propane, Brent crude oil, domestic动力煤, and naphtha, as well as the profitability of different production processes for polyethylene and polypropylene [26][30][32]. - 2.4 煤化工板块 - The report shows the price and profit trends of coal - coking products (such as coking coal and coke), traditional coal - chemical products (such as synthetic ammonia, urea, DMF, and acetic acid), and new materials (such as DMC, oxalic acid, octanol, adipic acid, caprolactam, and PA6) [43][47][54].