[Rare Gas Morning Report]: Rare Gas Market Morning Tips (20250225)

1. Focus 

1. The atmosphere for helium shipment is good.
2. The transaction center of gravity of the xenon market has shifted downward, and the market trading atmosphere is general.
3. The krypton gas market is mainly stable, while the neon gas market has fewer transactions.
4. Helium shipments remain stable for the time being. The bidding price of spherical helium is reduced.
5. Domestic helium production has decreased due to the reduction in upstream LNG production.
6. Goods under the Gazprom purchase agreement enter the market in 2025.

Core logic: The overall performance of the helium market is good, and the price is stable. The mainstream companies in the xenon market are not willing to sell at low prices, and the trading atmosphere in some markets is active. The neon market is affected by the downstream demand side and the market performance is poor.

2. Market Outlook

The overall atmosphere of the helium market is relatively active and the performance is acceptable. The price of low-priced domestic goods before the holiday is rising. The short-term market may be stable with a small increase. The downstream demand of the neon market is weak, and the market price is expected to be stable for the time being. The overall performance of xenon is poor, and the market price is expected to be weak and stable.