Workflow
基础化工周报:受出口端影响,尿素价格波动运行-20250824
Soochow Securities·2025-08-24 07:28

Price Trends - The average prices for pure MDI, polymer MDI, and TDI are 17,950, 15,580, and 15,489 CNY/ton respectively, with changes of +10, -210, and -515 CNY/ton compared to the previous period[2] - The average price for urea is 1,755 CNY/ton, showing an increase of 5 CNY/ton, while the average price for synthetic ammonia is 2,162 CNY/ton, decreasing by 127 CNY/ton[2] Profit Margins - The gross profit margins for pure MDI, polymer MDI, and TDI are 4,577, 3,241, and 4,619 CNY/ton respectively, with changes of +5, -238, and +121 CNY/ton compared to the previous period[2] - The gross profit margin for urea is 71 CNY/ton, increasing by 4 CNY/ton, while synthetic ammonia has a gross profit margin of 211 CNY/ton, decreasing by 148 CNY/ton[2] Market Performance - The basic chemical index increased by 2.9% over the past week and 8.2% over the past month, while the year-to-date increase is 22.5%[7] - Wanhua Chemical's stock price rose by 6.6% in the past week, while Baofeng Energy's stock price increased by 4.8%[7] Risk Factors - Potential risks include slower-than-expected project implementation, weaker-than-expected demand recovery due to macroeconomic slowdown, and significant changes in industry capacity[2][60]