工业气体月度跟踪：液氧/氮8月均价环比上行，杭氧获取方大特钢气体运营合同

Investment Rating - The report maintains a focus on Hangzhou Oxygen Plant Group as a top pick and suggests attention to other companies such as Suzhou Jinhong Gas, Guangdong Huate Gas, Xi'An Shaangu Power, Hunan Kaimeite Gases [12][13]. Core Insights - In August, the average prices for liquid oxygen and nitrogen increased, while liquid argon prices decreased. Specifically, liquid oxygen averaged RMB 437 per ton (up 2.1% MoM, down 18.56% YoY), and liquid nitrogen averaged RMB 485 per ton (up RMB 40.1 per ton MoM, down RMB 60.79 per ton YoY) [9][10]. - The weekly operating load rate for China's industrial gas sector was reported at 67.21%, reflecting a decrease of 0.28 percentage points MoM [11]. - Hangzhou Oxygen Plant Group achieved ExxonMobil's global supplier qualification certification and secured a gas operation contract with Fangda Special Steel Technology, which includes the acquisition of air separation assets and the construction of new air separation units [12][13]. Summary by Sections Price Trends - As of August 28, 2024, liquid oxygen prices were RMB 400.88 per ton (down 5.63% MoM, down 20.7% YoY), liquid nitrogen at RMB 454 per ton (down 4.7% MoM, down 17% YoY), and liquid argon at RMB 629 per ton (down 2.02% MoM, down 40.51% YoY) [10]. - Rare gases showed similar trends, with helium prices for bulk 40L bottles averaging RMB 691.07 (down RMB 2.57 MoM, down RMB 535.67 YoY) and xenon at RMB 32,714.29 per cubic meter (down RMB 1,700 MoM, down RMB 25,600 YoY) [10]. Operational Metrics - The industrial gas sector's weekly operating load rate was noted at 67.21%, indicating a slight decline from the previous period [11]. Company Developments - Hangzhou Oxygen Plant Group's recent achievements include passing ExxonMobil's supplier qualification and acquiring significant air separation assets from Fangda Special Steel Technology, which will enhance its operational capacity [12][13].