国泰海通｜机械：液氩延续上涨趋势；杭氧中标BEST低温分配阀箱项目

Core Viewpoint - The report indicates a continued upward trend in liquid argon prices, while the average price of rare gases remains stable. The industrial gas sector in China shows an increase in weekly operating load rates, and a significant project win for Hangyang in the low-temperature distribution valve box project is highlighted [1][2][3]. Price Trends - Liquid argon prices have increased by 3.94% week-on-week, reaching an average of 949 RMB per ton, and have risen by 52.84% year-on-year. In contrast, liquid oxygen and liquid nitrogen prices have decreased by 2.87% and 0.78% week-on-week, averaging 372 RMB and 388 RMB per ton, respectively [2]. - The average prices for rare gases are as follows: high-purity helium (91 RMB per cubic meter, stable), bottled high-purity helium (625 RMB per bottle, stable), xenon (22,500 RMB per cubic meter, stable), krypton (215 RMB per cubic meter, stable), and neon (110 RMB per cubic meter, stable) [2]. Operating Load Rates - The average weekly operating load rate for China's industrial gas sector is reported at 70.28%, reflecting an increase of 1.28 percentage points week-on-week [3]. Significant Events - Hangyang Group has successfully won the bid for the low-temperature distribution valve box project from Fusion New Energy (Anhui) Co., Ltd. This project includes seven sets of low-temperature distribution valve boxes for the BEST low-temperature system [3].