工业气体周度跟：氧氮氩价格环比明显回升，需求有望持续向好

Investment Rating - The report rates the industry as "Overweight" with a previous rating of "Overweight" as well [2] Core Viewpoints - The prices of bulk gases such as oxygen, nitrogen, and argon have shown a significant week-on-week rebound, while the price of rare gases like neon has declined, and krypton, xenon, and helium prices have remained stable. With the recovery of downstream demand, bulk gas prices are expected to gradually warm up [4][2] Summary by Relevant Sections Bulk Gases - As of October 27, 2024, the average prices for bulk gases are as follows: - Liquid oxygen: 408.3 CNY/ton, with a weekly increase of 4.1% and a monthly increase of 11.2% [4][6] - Liquid nitrogen: 433.8 CNY/ton, with a weekly increase of 2.8% and a monthly increase of 7.9% [4][6] - Liquid argon: 641.9 CNY/ton, with a weekly increase of 3.6% and a monthly increase of 10.5% [4][6] Rare Gases - As of October 27, 2024, the average prices for rare gases are as follows: - Neon: 115 CNY/m³, with a weekly decrease of 4.2% and a yearly decrease of 54.0% [4][6] - Krypton: 330 CNY/m³, stable week-on-week and a yearly decrease of 49.2% [4][6] - Xenon: 29,500 CNY/m³, stable week-on-week and a yearly decrease of 49.6% [4][6] - Helium (40L bottle): 633.5 CNY/bottle, stable week-on-week and a yearly decrease of 44.9% [4][6] Demand and Supply Analysis - Downstream demand is gradually recovering, with the apparent consumption of rebar at 2.435 million tons for the week ending October 25, 2024, a year-on-year decrease of 17.76% and a week-on-week decrease of 5.56% [4] - The steel price index stands at 98.57, with a year-on-year decrease of 8.31% but a month-on-month increase of 6.16% [4] - The operating load rate of air separation plants has not changed significantly week-on-week [4] Recommended Stocks - Recommended stocks include Hangzhou Oxygen Plant, Shaanxi鼓动力, with beneficiary stocks being Huate Gas, Qiaoyuan Co., Guanggang Gas, China Shipbuilding Special Gas, Kaimete Gas, Jinhong Gas, and Heyuan Gas [4]