The Hubei industrial gas market is expected to be under pressure due to an increase in supply brought by the addition of new production capacity, Gas Ecosphere reports.
Driven by the warming of downstream industries, the price of industrial gas has been pushed up successively, reaching a peak in 2018.
Affected by this, countries around the world have invested in the construction of air separation projects.
Longzhong Information reports that air separation capacity in 2019 reached 29 million Nm3/h.
Entering 2020, the industrial gas market has been affected by Covid-19 and demand has shrunk.
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