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According to data from gasoline price tracking agency GasBuddy, the national average gasoline price fell by 14.1 cents per gallon last week, dropping to $3.85 per gallon on Monday. Gasoline prices declined in most states. GasBuddy data shows that over the past week, gasoline prices in Colorado fell by 25 cents per gallon, Arizona fell by 22 cents, and Ohio fell by 21 cents.

Industry data shows that the mainstream price of high-purity quartz sand for optical fibers has now risen to 48,000 to 55,000 yuan per ton. Among these, high-end products with a purity above the 6N level are “extremely hard to obtain.” Due to the need to improve the self-sufficiency rate of domestic production, the tight supply and demand in the industry continues to intensify. The recent surge in high-purity quartz sand prices is driven by explosive demand from the downstream optical fiber industry. “High-purity quartz sand is used in multiple stages of optical preform production, and quartz-based products are also required in fiber production,” said the head of a company engaged in quartz product processing. As orders increase at preform factories, the demand for “peripheral products” including high-purity quartz sand naturally grows.

June 23 Financial Morning Brief: The U.S. lifts oil sanctions on Iran, partial easing of inflation concerns supports gold prices, oil prices slump over 3%