[Daily Liquid Argon Report] Local highs reached again; further strong gains expected tomorrow (20161214)
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This post was last edited by Ameba on 2016-12-15 at 13:45. [Daily Liquid Argon Review] Local prices reach new highs again; further strong gains expected tomorrow (20161214). 1. Market overview: Today, the liquid argon market continued to heat up, with prices soaring in many areas. Buyers from downstream sectors were active, and market activity was robust. Prices in the Shandong market have seen slight adjustments at the lower end; the mainstream ex-factory price remains stable at 1,700–2,000 yuan per ton. Yantai Linde mainly sells its products locally, where the price has surged to as high as 3,000 yuan per ton. The focus of transactions in the Jiangsu market has shifted upward; the mainstream ex-factory price ranges from 1,700 to 2,200 yuan per ton, and prices may continue to rise tomorrow as well. In the Zhejiang market, the price of Linde Wuliang has risen sharply to 2,500 yuan per ton, while the standard factory price is around 1,800–1,900 yuan per ton. The mainstream purchase price in the Guangdong market has narrowed to 2,400–2,600 yuan per ton. The price in the southwestern region has risen; the price in Yunnan is between 800–1000 yuan per ton, while in Sichuan it has increased to 1600–1700 yuan per ton. In Chongqing, the price ranges from 1400–1800 yuan per ton. Affected by the surrounding market, prices in Hebei are rising steadily, with the mainstream ex-factory price ranging from 1,200 to 1,500 yuan per ton. The mainstream transaction price in the Tianjin market remains stable at around 1,500 yuan per ton. In the Northeast market, prices are also on the rise. In the Liaoning market, the price of Lingyuan Steel rose to 1,120 yuan per ton today; other companies have not yet reached their price adjustment periods. Market prices in Jilin are also rising steadily, with the mainstream ex-factory price ranging from 900 to 1,200 yuan per ton. 2. Outlook for the future: The liquid argon market continues to heat up during winter. Although prices have already reached record levels, some companies continue to raise their prices significantly. Many more companies plan to increase prices tomorrow, with the increase ranging from 200 to 300 yuan per ton, which is likely to provide further support for the short-term market.
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I can feel the impact of rising prices now. This is market behavior, and there is nothing wrong with it.