Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The polyolefin market rebounded from the bottom. The spot prices of linear LL remained stable for Sinopec and partially stable for PetroChina, while the spot prices of drawn PP remained stable for Sinopec and some were reduced by 100 by PetroChina. Fundamentally, the polyolefin spot market is still mainly driven by supply and demand. Currently, the PE inventory is being slowly digested, and the PP inventory has also improved. After continuous declines, the short - selling pressure has been released, and the stabilization of crude oil prices provides support for chemical products. The market may rebound after the stop - fall, and attention should be paid to the Federal Reserve meeting this week [2] Group 3: Summary by Relevant Catalogs Futures Market - **LL and PP Prices**: For LL, the previous day's closing prices for January, May, and September contracts were 7232, 7252, and 7269 respectively, with increases of 63, 71, and 219 and increases of 0.88%, 0.99%, and 3.11% respectively. For PP, the previous day's closing prices for January, May, and September contracts were 6966, 6988, and 6967 respectively, with increases of 53, 52, and 180 and increases of 0.77%, 0.75%, and 2.65% respectively [2] - **Trading Volume and Open Interest**: The trading volumes of LL for January, May, and September contracts were 264026, 11216, and 49 respectively, and the open interests were 554975, 37371, and 19 respectively, with open - interest changes of - 6135, 1505, and 19 respectively. For PP, the trading volumes for January, May, and September contracts were 297850, 13616, and 288 respectively, and the open interests were 616154, 57544, and 279 respectively, with open - interest changes of - 27201, 2816, and 279 respectively [2] - **Spreads**: The current spreads of LL for January - May, May - September, and September - January were - 20, - 17, and 37 respectively, compared with previous values of - 12, 131, and - 119. For PP, the current spreads for January - May, May - September, and September - January were - 22, 21, and 1 respectively, compared with previous values of - 23, 149, and - 126 [2] Spot Market - **Raw Materials and Semi - finished Products**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and plastic film were 2398 yuan/ton, 6600 yuan/ton, 595 dollars/ton, 5600 yuan/ton, 6770 yuan/ton, and 8800 yuan/ton respectively. Most of these prices remained unchanged compared with the previous values [2] - **Mid - stream Products**: The current price ranges of LL in the East China, North China, and South China markets were 7150 - 7700 yuan/ton, 7100 - 7450 yuan/ton, and 7300 - 7750 yuan/ton respectively. The current price ranges of PP in the East China, North China, and South China markets were 6750 - 6950 yuan/ton, 6700 - 6850 yuan/ton, and 6700 - 6900 yuan/ton respectively [2] News - On Monday (September 15), the settlement price of WTI crude oil futures for October 2025 on the New York Mercantile Exchange was $63.30 per barrel, up $0.61 or 0.97% from the previous trading day, with a trading range of $62.52 - $63.67. The settlement price of Brent crude oil futures for November 2025 on the London Intercontinental Exchange was $67.44 per barrel, up $0.45 or 0.67% from the previous trading day, with a trading range of $66.78 - $67.85 [2]

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View - Polyolefin futures rebounded from the bottom and closed with a lower shadow yesterday. The spot market for linear LL was stable for Sinopec and partially stable for PetroChina, while the spot market for拉丝PP saw some price cuts of 50 yuan by Sinopec and stability from PetroChina. The market enthusiasm has cooled, and the polyolefin spot market is mainly driven by supply - demand factors. Summer maintenance is in balance, and inventory is being slowly digested. The overall spot price of polyolefins is weak at the beginning of the month. Whether the stop - fall of the futures market can drive the spot market to stop falling remains to be seen [2]. 3. Summary by Related Catalogs Futures Market - **LL Futures**: The previous day's closing prices for January, May, and September contracts were 7270 yuan, 7276 yuan, and 7204 yuan respectively, with price drops of - 17 yuan, - 23 yuan, and - 26 yuan and declines of - 0.23%, - 0.32%, and - 0.36% compared to two days ago. The trading volumes were 324382, 11181, and 5021, and the open interests were 468822, 29742, and 9200, with changes of + 28457, + 294, and - 3708 respectively. The current spreads of January - May, May - September, and September - January were - 6, 72, and - 66, compared to previous values of - 12, 69, and - 57 [2]. - **PP Futures**: The previous day's closing prices for January, May, and September contracts were 6965 yuan, 6982 yuan, and 6871 yuan respectively, with price drops of - 9 yuan, - 13 yuan, and - 11 yuan and declines of - 0.13%, - 0.19%, and - 0.16% compared to two days ago. The trading volumes were 294958, 8448, and 1912, and the open interests were 558606, 43187, and 6477, with changes of + 30363, + 1920, and - 680 respectively. The current spreads of January - May, May - September, and September - January were - 17, 111, and - 94, compared to previous values of - 21, 113, and - 92 [2]. Raw Materials and Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder materials, and plastic film were 2387 yuan/ton, 6605 yuan/ton, 575 dollars/ton, 5600 yuan/ton, 6770 yuan/ton, and 8800 yuan/ton respectively, compared to previous values of 2364 yuan/ton, 6575 yuan/ton, 574 dollars/ton, 5600 yuan/ton, 6800 yuan/ton, and 8800 yuan/ton [2]. - **Mid - stream Spot Market**: For LL, the current price ranges in the East China, North China, and South China markets were 7200 - 7700 yuan, 7150 - 7450 yuan, and 7400 - 7750 yuan respectively, compared to previous ranges of 7300 - 7700 yuan, 7200 - 7450 yuan, and 7400 - 7750 yuan. For PP, the current price ranges in the East China, North China, and South China markets were 6800 - 7000 yuan, 6800 - 7000 yuan, and 6800 - 7050 yuan respectively, compared to previous ranges of 6850 - 7000 yuan, 6800 - 7000 yuan, and 6800 - 7050 yuan [2]. News - On Monday (September 1st), the trading range of the WTI crude oil futures contract for October 2025 on the New York Mercantile Exchange was $63.66 - $64.88 per barrel. The settlement price of the Brent crude oil futures contract for November 2025 on the London Intercontinental Exchange was $68.15 per barrel, up $0.67 or 0.99% from the previous trading day, with a trading range of $67.12 - $68.36 [2].

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View - The polyolefin futures closed positive yesterday. The spot prices of linear LL and拉丝 PP from Sinopec and PetroChina remained stable. The market heat has cooled down, and the polyolefin spot market is still mainly driven by supply and demand. Summer maintenance is in balance, and inventory is slowly being digested, but short - term petrochemical inventory may fluctuate. The domestic macro - level is still driven by domestic demand, and the terminal stocking demand may gradually pick up in mid - to late August. The future market should focus on the autumn stocking rhythm after supply - demand digestion and possible changes on the supply side [2]. 3. Summary by Relevant Catalogs Futures Market - **Prices**: For linear LL futures, the previous day's closing prices for January, May, and September contracts were 7347, 7340, and 7308 respectively, with increases of 40, 49, and 40 and涨幅 of 0.55%, 0.67%, and 0.55% respectively. For拉丝 PP futures, the previous day's closing prices for January, May, and September contracts were 7056, 7062, and 7026 respectively, with increases of 40, 30, and 39 and涨幅 of 0.57%, 0.43%, and 0.56% respectively [2]. - **Volume and Open Interest**: The trading volumes of linear LL futures for January, May, and September contracts were 400529, 7534, and 95001 respectively, and the open interests were 381563, 20465, and 90092 respectively. The open interest changes were 21423, 1614, and - 35644 respectively. For拉丝 PP futures, the trading volumes were 341106, 14955, and 58830 respectively, the open interests were 442583, 31841, and 61893 respectively, and the open interest changes were 25989, 2844, and - 19500 respectively [2]. - **Spreads**: For linear LL, the current spreads of January - May, May - September, and September - January were 7, 32, and - 39 respectively, compared with previous values of 16, 23, and - 39. For拉丝 PP, the current spreads of January - May, May - September, and September - January were - 6, 36, and - 30 respectively, compared with previous values of - 16, 45, and - 29 [2]. Raw Materials and Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2427 yuan/ton, 6390 yuan/ton, 570 dollars/ton, 5600 yuan/ton, 6770 yuan/ton, and 8800 yuan/ton respectively, with some changes compared to previous values [2]. - **Spot Market**: In the middle - stream market, the current price ranges of linear LL in East China, North China, and South China were 7250 - 7700 yuan/ton, 7150 - 7450 yuan/ton, and 7350 - 7750 yuan/ton respectively. For拉丝 PP, the current price ranges in East China, North China, and South China were 6900 - 7000 yuan/ton, 6850 - 7000 yuan/ton, and 6850 - 7100 yuan/ton respectively [2]. News - On Wednesday (August 20), the settlement price of WTI crude oil futures for September 2025 on the New York Mercantile Exchange was $63.21 per barrel, up $0.86 or 1.38% from the previous trading day, with a trading range of $62.39 - $63.55. The settlement price of Brent crude oil futures for October 2025 on the London Intercontinental Exchange was $66.84 per barrel, up $1.05 or 1.60% from the previous trading day, with a trading range of $65.81 - $67.06 [2].

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - Polyolefin futures mainly declined. In the spot market, the prices of linear LL and drawn PP from Sinopec and PetroChina remained stable. Currently, from a fundamental perspective, market enthusiasm has cooled, and the polyolefin spot market is still mainly driven by supply - demand factors. Summer maintenance is in balance, and inventories are being slowly digested. Future focus should be on the autumn restocking market rhythm after supply - demand digestion [2] Group 3: Summary According to Relevant Catalogs Futures Market - **Price Changes**: For LL, the 1 - month, 5 - month, and 9 - month futures prices decreased by 43, 34, and 37 respectively, with declines of - 0.58%, - 0.46%, and - 0.50%. For PP, the corresponding decreases were 23, 11, and 27, with declines of - 0.32%, - 0.15%, and - 0.38% [2] - **Trading Volume**: The trading volumes of LL for 1 - month, 5 - month, and 9 - month were 85106, 897, and 211583 respectively; for PP, they were 72769, 690, and 188972 [2] - **Open Interest**: The open interests of LL for 1 - month, 5 - month, and 9 - month were 170116, 7879, and 326961 respectively; for PP, they were 190211, 10289, and 288497. The changes in open interest were 4000, 231, - 7196 for LL and - 935, 100, - 11205 for PP [2] - **Price Spreads**: For LL, the current spreads of 1 - month - 5 - month, 5 - month - 9 - month, and 9 - month - 1 - month were 9, 40, and - 49 respectively; for PP, they were 4, 22, and - 26. The previous spreads were 18, 37, - 55 for LL and 16, 6, - 22 for PP [2] Raw Materials and Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, and South China propane were 2406 yuan/ton, 6245 yuan/ton, and 538 dollars/ton respectively, with previous prices of 2421 yuan/ton, 6250 yuan/ton, and 544 dollars/ton. The prices of PP recycled materials, North China powder, and mulch film remained unchanged at 5600 yuan/ton, 6850 yuan/ton, and 8800 yuan/ton [2] - **Mid - stream**: The current price ranges of LL in the East China, North China, and South China markets were 7300 - 7600 yuan/ton, 7200 - 7450 yuan/ton, and 7400 - 7600 yuan/ton respectively; for PP, they were 7050 - 7200 yuan/ton, 7000 - 7150 yuan/ton, and 7000 - 7200 yuan/ton [2] News - On Thursday (July 31), the settlement price of WTI crude oil futures for September 2025 on the New York Mercantile Exchange was $69.26 per barrel, down $0.74 or 1.06% from the previous trading day, with a trading range of $68.56 - $70.41. The settlement price of Brent crude oil futures for September 2025 on the London Intercontinental Exchange was $72.53 per barrel, down $0.71 or 0.97% from the previous trading day, with a trading range of $72.4 - $73.53 [2]

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - Polyolefin futures declined and traded sideways overnight. Spot prices of linear LL and拉丝PP remained stable for both Sinopec and PetroChina. Fundamentally, due to the clearer macro - situation of anti - involution in China, the market rebounded last week. However, the spot market of polyolefins is still mainly driven by supply - demand factors, with summer maintenance in balance. Attention should be paid to the process of fundamental repair [2] 3. Summary According to Relevant Catalogs Futures Market - **Price and Change**: For LL, the previous day's closing prices for January, May, and September contracts were 7400, 7395, and 7335 respectively, down 104, 98, and 121 from two days ago, with declines of - 1.39%, - 1.31%, and - 1.62%. For PP, the corresponding closing prices were 7136, 7137, and 7130, down 100, 90, and 91, with declines of - 1.38%, - 1.25%, and - 1.26% [2] - **Volume and Open Interest**: LL's trading volumes for January, May, and September contracts were 114997, 1587, and 388896, with open interests of 157846, 7336, and 346401, and open interest changes of 5906, 528, and - 20147. PP's trading volumes were 120821, 2000, and 344922, with open interests of 165953, 9581, and 325802, and open interest changes of - 3873, - 366, and - 29838 [2] - **Spread**: For LL, the current spreads of January - May, May - September, and September - January were 5, 60, and - 65, compared to previous values of 11, 37, and - 48. For PP, the current spreads were - 1, 7, and - 6, compared to previous values of 9, 6, and - 15 [2] Raw Material and Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2406 yuan/ton, 6195 yuan/ton, 539 dollars/ton, 5600 yuan/ton, 6930 yuan/ton, and 8800 yuan/ton respectively, compared to previous values of 2519 yuan/ton, 6240 yuan/ton, 547 dollars/ton, 5600 yuan/ton, 6930 yuan/ton, and 8800 yuan/ton [2] - **Mid - stream Spot**: The current price ranges of LL in East China, North China, and South China markets were 7250 - 7650, 7200 - 7450, and 7400 - 7550. For PP, the ranges were 7050 - 7150, 7000 - 7150, and 7000 - 7200. Most of the previous values were the same, except for the North China LL market which also had a previous range of 8100 - 8250 [2] News - On Monday (July 28), the settlement price of WTI crude oil futures for September 2025 on the New York Mercantile Exchange was $66.71 per barrel, up $1.55 or 2.38% from the previous trading day, with a trading range of $65.05 - $67.14. The settlement price of Brent crude oil futures for September 2025 on the London Intercontinental Exchange was $70.04 per barrel, up $1.60 or 2.34% from the previous trading day, with a trading range of $68.35 - $70.45 [2]

Report Information - Report Name: Polyolefin Daily Report [1] - Date: July 17, 2025 [2] Market Quotes Futures Market | Variety | Opening | Closing | High | Low | Change | Change Rate | Open Interest | Change in Open Interest | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Plastic 2601 | 7288 | 7239 | 7301 | 7231 | -45 | -0.62% | 122440 | 5899 | | Plastic 2605 | 7258 | 7214 | 7272 | 7206 | -35 | -0.48% | 2935 | 568 | | Plastic 2509 | 7285 | 7221 | 7292 | 7208 | -63 | -0.86% | 433865 | 12529 | | PP2601 | 7072 | 7024 | 7080 | 7015 | -34 | -0.48% | 110563 | 4374 | | PP2605 | 7066 | 7018 | 7074 | 7010 | -33 | -0.47% | 5931 | 1115 | | PP2509 | 7080 | 7015 | 7080 | 7008 | -50 | -0.71% | 397459 | 5611 | [5] Spot Market - On July 16, 2025, the inventory level of major producers was 785,000 tons, a decrease of 5,000 tons (-0.63%) from the previous working day, compared with 765,000 tons in the same period last year [7] - PE market prices declined weakly. Linear PE prices were as follows: North China: 7,100 - 7,400 yuan/ton; East China: 7,200 - 7,600 yuan/ton; South China: 7,280 - 7,550 yuan/ton [7] - Shandong propylene market prices declined slightly, closing at 6,270 - 6,300 yuan/ton at 12:00, a decrease of 50 yuan/ton from the previous day [7] - PP futures fluctuated at a low level, suppressing the market trading atmosphere. The mainstream prices of North China PP drawstrings were 6,980 - 7,080 yuan/ton; East China: 6,980 - 7,130 yuan/ton; South China: 6,970 - 7,200 yuan/ton [7] Market Review and Outlook - LLDPE L2509 opened lower, fluctuated during the session, and closed down at 7,214 yuan/ton, a decrease of 29 yuan/ton (-0.40%), with a trading volume of 200,000 lots and an increase in open interest of 2,987 to 436,852 lots [6] - PP futures closed at 7,013 yuan/ton, a decrease of 23 yuan (-0.33%), with an increase in open interest of 13,700 lots to 411,200 lots [6] - Futures opened lower and fluctuated, dampening the market trading atmosphere. Some ex-factory prices were lowered, and spot prices partially declined. Downstream purchasing enthusiasm was low [6] - Entering the consumption off-season, the downstream operating rate of polyethylene was at the lowest level of the year, and there was no sign of improvement in pipe demand. The demand side was difficult to support, while the supply side pressure increased. Previously shut-down plants were planned to restart, and the loss of maintenance was expected to weaken. The supply side would still face pressure in the future. Downstream companies mostly maintained a low inventory strategy, and the supply-demand balance was expected to deteriorate, leading to a weak downward trend in the single-sided market [6] Research Team - Energy and Chemical Research Team: Peng Jinglin (Polyolefins), Li Jie (Crude Oil and Fuel Oil), Ren Junchi (PTA, MEG), Peng Haozhou (Urea, Industrial Silicon), Liu Youran (Pulp), Feng Zeren (Glass and Soda Ash) [4]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoint of the Report - Polyolefins rebounded slightly. Spot prices of linear LL and拉丝PP from Sinopec and PetroChina remained stable. Fundamentally, polyolefin consumption entered a relative off - season, and spot prices were generally mediocre. The futures price fluctuated more with costs and market sentiment. With the cooling of the Middle East conflict, international oil prices declined, weakening cost support. Future focus should be on the cooling of cost - end raw materials mainly crude oil and the reality of the seasonal demand off - season [2] 3. Summary by Relevant Catalogs Futures Market - **Price and Volume Information**: For LL, the previous day's closing prices for January, May, and September contracts were 7245, 7220, and 7302 respectively, with changes of - 4, - 14, and 2 and percentage changes of - 0.06%, - 0.19%, and 0.03%. For PP, the corresponding closing prices were 7041, 7019, and 7103, with changes of - 12, - 11, and - 5 and percentage changes of - 0.17%, - 0.16%, and - 0.07%. The trading volumes of LL for January, May, and September were 36087, 214, and 297767, and the trading volumes of PP were 34283, 90, and 223643. The open interests of LL were 115196, 1241, and 460583, and those of PP were 100898, 1141, and 425262. The changes in open interests of LL were - 2223, 57, and - 10437, and those of PP were 313, 2, and - 4105 [2] - **Spread Information**: For LL, the current spreads of January - May, May - September, and September - January were 25, - 82, and 57, compared with previous values of 15, - 66, and 51. For PP, the current spreads were 22, - 84, and 62, compared with previous values of 23, - 78, and 55 [2] Spot Market - **Raw Materials and Semi - finished Products**: The current values of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder materials, and mulch film were 2397 yuan/ton, 6700 yuan/ton, 590 dollars/ton, 5600 yuan/ton, 6970 yuan/ton, and 8800 yuan/ton respectively. The previous values were 2419 yuan/ton, 6740 yuan/ton, 590 dollars/ton, 5600 yuan/ton, 6970 yuan/ton, and 8800 yuan/ton [2] - **Mid - stream Market**: The current spot price ranges of LL in the East China, North China, and South China markets were 7300 - 7800 yuan/ton, 7250 - 7450 yuan/ton, and 7400 - 7700 yuan/ton respectively. The previous price ranges were 8100 - 8250 yuan/ton, 7350 - 7800 yuan/ton, and 7250 - 7500 yuan/ton. For PP, the current price ranges in the three markets were 7100 - 7250 yuan/ton, 7150 - 7250 yuan/ton, and 7150 - 7250 yuan/ton, and the previous price ranges were 7450 - 7700 yuan/ton, 7100 - 7250 yuan/ton, and 7100 - 7250 yuan/ton [2] News - On Friday (June 27), the settlement price of WTI crude oil futures for August 2025 on the New York Mercantile Exchange was $65.52 per barrel, up $0.28 or 0.43% from the previous trading day, with a trading range of $64.80 - $66.09. The settlement price of Brent crude oil futures for August 2025 on the London Intercontinental Exchange was $67.77 per barrel, up $0.04 or 0.06% from the previous trading day, with a trading range of $67.20 - $68.42 [2]

Group 1: Industry Investment Rating - No information provided Group 2: Core Viewpoints - Polyolefins are slightly consolidating. The consumption of polyolefins has entered a relative off - season, and the spot prices generally perform averagely. The price fluctuations of the futures market mainly follow the cost and market sentiment. The rebound of international oil prices helps polyolefins stop falling. In the future, the driving force is limited, but the valuation is not high, so polyolefins may gradually stop falling, build a bottom, and attempt a rebound [2] Group 3: Summary of Related Catalogs Futures Market - **LL Futures**: The previous day's closing prices for January, May, and September contracts were 7075, 7066, and 7102 respectively. There were declines with changes of - 3, - 1, - 4 and corresponding percentage changes of - 0.04%, - 0.01%, - 0.06%. The trading volumes were 24916, 157, 253230, and the open interests were 111392, 704, 536103 with changes of - 1662, 39, 5141. The current spreads of 1 - 5 months, 5 - 9 months, 9 - 1 months were 9, - 36, 27 compared to previous values of 11, - 39, 28 [2] - **PP Futures**: The previous day's closing prices for January, May, and September contracts were 6908, 6903, and 6960 respectively. There were increases with changes of 12, 14, 19 and corresponding percentage changes of 0.17%, 0.20%, 0.27%. The trading volumes were 16043, 147, 224195, and the open interests were 78596, 709, 501412 with changes of 151, 105, - 10063. The current spreads of 1 - 5 months, 5 - 9 months, 9 - 1 months were 5, - 57, 52 compared to previous values of 7, - 52, 45 [2] Raw Materials and Spot Market - **Raw Materials**: The current values of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2284 yuan/ton, 6360 yuan/ton, 606 dollars/ton, 5600 yuan/ton, 6960 yuan/ton, and 8800 yuan/ton respectively. The previous values were 2278 yuan/ton, 6360 yuan/ton, 608 dollars/ton, 5600 yuan/ton, 6970 yuan/ton, and 8800 yuan/ton [2] - **Spot Market**: For LL, the current price ranges in East China, North China, and South China markets were 7150 - 7750 yuan/ton, 7100 - 7300 yuan/ton, 7250 - 7550 yuan/ton respectively. For PP, the current price ranges in East China, North China, and South China markets were 7000 - 7150 yuan/ton, 7000 - 7150 yuan/ton, 7050 - 7200 yuan/ton respectively [2] News - On Wednesday (June 11), the settlement price of WTI crude oil futures for July 2025 on the New York Mercantile Exchange was 68.15 dollars per barrel, up 3.17 dollars or 4.88% from the previous trading day, with a trading range of 64.60 - 68.37 dollars. The settlement price of Brent crude oil futures for August 2025 on the London Intercontinental Exchange was 69.77 dollars per barrel, up 2.90 dollars or 4.34% from the previous trading day, with a trading range of 66.47 - 70.50 dollars [2]

一、主要产品的产量、销量及收入实现情况 2025 年一季度公司聚氨酯系列产品实现销售收入 1,842,705 万元，石化系列产 品和贸易实现销售收入 1,632,012 万元，精细化学品及新材料系列产品实现销售收 入 737,045 万元。 证券代码：600309 证券简称：万华化学 公告编号：临 2025-18 号 万华化学集团股份有限公司 2025年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》之《第 十三号——化工》的相关规定，现将万华化学集团股份有限公司 2025 年一季度主要 经营数据披露如下： 1. 聚氨酯系列产品 2025 年第一季度，受春节假期因素影响，聚氨酯行业下游需求进入传统淡季， 聚氨酯主流系列产品价格呈下行趋势：纯 MDI 产品一季度市场价格在 19,000 元/吨 左右，聚合 MDI 产品市场价格在 17,000 元/吨左右，TDI 产品市场价格在 12,500 元 /吨左右，软泡聚醚产品市场价格在 ...