[Rare Gas Morning Report]: Rare Gas Market Morning Tips (20250318)

1. Focus

1. The helium shipping atmosphere is still good, and the price of spherical helium has fallen recently

2. The xenon market is consolidating at low prices, and shipments at high prices are generally normal. The transaction center of gravity of the mainstream xenon market has moved downward.

3. The mainstream market of Krypton Gas is mainly stable, with fewer transactions.

4. The supply under the 2025 Gazprom purchase agreement enters the market.

Core logic: The overall performance of the helium market is average. The downstream demand has decreased since the spring, dragging down the price of domestic helium. The mainstream companies in the xenon market are not very willing to ship at low prices, and the oversupply is unlikely to change in the short term. The neon market is affected by the downstream demand side and the market performance is poor.

2. Market Outlook

The neon market is trading in a sluggish atmosphere, and the market price is expected to remain stable. Xenon gas performed poorly overall, with low market trading volume and poor shipments at high prices. The helium market performed generally, with imports maintaining stability as the main source, and the market temporarily supporting limited prices, or mainly maintaining stability at low prices.