Investment Rating - The report rates the mechanical industry as "Overweight" [1] Core Viewpoints - The prices of bulk gases such as oxygen, nitrogen, and argon have slightly declined week-on-week, but the year-on-year decline is narrowing. With the gradual recovery of downstream demand, bulk gas prices are expected to rebound [2][5] - The report recommends stocks including Hangzhou Oxygen Plant and Shaanxi鼓动力, while benefiting stocks include Huate Gas, Qiaoyuan Co., Guanggang Gas, China Shipbuilding Special Gas, Kaimete Gas, Jinhong Gas, and Heyuan Gas [5] Summary by Sections Bulk Gas Prices - As of November 15, the average prices for bulk gases are as follows: - Liquid oxygen: 413.8 RMB/ton, weekly change -2.0%, yearly change -1.9% - Liquid nitrogen: 429.3 RMB/ton, weekly change -2.6%, yearly change -13.1% - Liquid argon: 649.1 RMB/ton, weekly change -1.9%, yearly change -45.4% [5][7] Rare Gas Prices - As of November 15, the average prices for rare gases are as follows: - Neon: 115 RMB/m³, yearly change -36.1% - Krypton: 330 RMB/m³, yearly change +40.0% - Xenon: 29,500 RMB/m³, yearly change -44.3% - Helium (40L bottle): 633.5 RMB/bottle, yearly change -44.7% [5][7] Steel Production and Prices - The weekly production of rebar remains stable at 2.3394 million tons, with a year-on-year decrease of 8.21%. The comprehensive steel price index (CSPI) is 97.71, with a year-on-year decrease of 12.43% [5][7]
工业气体周度跟踪：大宗气体价格周度下滑，同比跌幅逐步收窄
Guotai Junan Securities·2024-11-17 02:23