For the Quarter Ending December 2022
North America
During the fourth quarter of 2022, Helium prices in the North American region fluctuated on account of the demand-supply gap. In the first half of the quarter, Helium prices moved northwards as the natural gas prices varied throughout the quarter. Furthermore, the helium gas shortage occurred in the regional market. The demand strength from the healthcare and aerospace sectors. In the second half of the fourth quarter, the market prices of Helium declined, backed by the weak natural gas prices in the international market. The production cost diversified as the energy prices remained on the lower end in the regional market. Other external facets, such as festive holidays and the disruption caused by the occurrence of storm Elliot, impacted the overall market prices of Helium in the regional market.
APAC
During the last quarter of 2022, the price dynamics of Helium in the Asian market moved southwards on the back of demand strength and fluctuating natural gas prices. The supply chain for the product from Qatar was modest throughout the quarter despite the football world cup that was held in the major exporting country (Qatar). The Indian market witnessed a slight decline in the demand for products from the medical and aerospace industries. Few inquiries were made concerning the inventories, which caused a decrease in price in the regional market. Festive seasons occurred during the mid-Q4 in the Indian market leading to fewer market operations and impacting the final prices of Helium.
Europe
Helium prices wavered in Europe during the fourth quarter of 2022 because of ever-changing natural gas prices in the international market. The factors which impacted the final prices were increased energy prices along with disrupted supply chain. The automotive, healthcare, and other industries' stagnating demand, as well as the product's sporadic supply from end-use manufacturing facilities, were the key factors raising the price value. The US's dwindling helium reserves also affected the European helium market, which imports Helium mostly from the US.
For the Quarter Ending September 2022
North America
During the third quarter of 2022, North American helium prices remained on the positive edge as natural gas prices kept soaring. The Natural gas reserves in the US market kept declining as the demand from end-use businesses and the international market increased. This led to an increase in the production cost of Helium as natural gas is the upstream element. The downstream applications of Helium showcased constant demand for the product in the domestic market. The Healthcare sector showcased better demand in the domestic market. Labour shortage hampered the production rate of Helium, consequently raising the prices in the US market.
APAC
Throughout the third quarter of 2022, Asian countries witnessed stagnancy in the price value of Helium owing to increased demand for the product. In the Indian market, the Helium gas suppliers received a constant inquiries about the product, consequently impacting the final prices of Helium in the regional market. India is the major importer of Helium from the US, and hence depleting reserves in the US directly impacted the Asian Helium market, especially India, causing Helium prices to rise stagnantly. The natural gas prices in the Asian market also remained on the upper edge, cumulatively increasing the production cost. Despite this, the prices declined towards the quarter end as the buyers showcased slow demand for the product. Towards the quarter end, the market prices of Helium in the Indian market were observed at USD 63944 per MT, CFR JNPT.
Europe
During the third quarter of 2022, bulk helium prices increased in Europe on the back of rising natural gas prices in the regional market. The sanctions implementation by the Russian government led to natural gas supply shortage in the European market in the third quarter. The main elements driving up the price value were the high demand from the automobile, healthcare, and several other industries and the interrupted supply of the product with end-use manufacturing units. Since the US is Europe's main source of helium imports, the European helium market was also being impacted by the US's declining helium reserves.
For the Quarter Ending December 2021
North America
In North America, the prices of bulk Helium were soaring in the fourth quarter of 2021, backed by robust demand from the downstream industries. Furthermore, depleting Helium reserves in the US, diminished the supply and worsened the situation. In addition, as the industries were in the recovery phase after the hazardous impacts of Hurricane Ida, the rate of supply was sluggish. Altogether, firm demand from the automotive, aircraft, and healthcare industry surged the price value of bulk Helium, further supported by reduced supply. However, depleting Helium reserves are threatening future supply of the product in the global market.
APAC
Asian countries witnessed an upsurge in the price value of bulk Helium during Q4 FY2021, owing to global shortage of Helium and strong demand from the downstream sectors. India is the major importer of Helium from the US, and hence depleting reserves in the US had direct impacts on the Asian Helium market especially India, causing Helium prices to rise exponentially. The pricing trend of bulk Helium went high in the Chinese market as well due to the continuous instability between demand and supply rate. Furthermore, shortage of shipping containers and higher freight charges were other factors contributing towards the rising bulk Helium prices in Asia.
Europe
In Europe, the prices of bulk Helium were rising during the fourth quarter of 2021, and the reason for that was same as it was for other parts of the world. Strong demand from the automotive, healthcare and several other industries and the halted supply were the prime factors augmenting the price value. As Europe majorly imports Helium from the US, shrinking Helium reserves of the US was affecting the European Helium market as well. Furthermore, severe scarcity of natural gas due to transportation delays also persist for Helium availability in the regional market.
For the Quarter Ending September 2021
North America
In North America, Helium market experienced an upward trajectory backed by the constrained availability and firm demand from the downstream sectors during the third quarter. US is a leading producer and exporter of Helium, but its reserves are declining owing to the lack of Helium production from its oil and gas fields thus, US started to import Helium from Qatar to fulfil its domestic needs. In August, due to the arrival of the Ida Hurricane most of the oil and gas refineries closed their production as a part of contingency plan which further added burden on the Helium market in the region. Furthermore, unplanned plant outages such as shut down of Keyes Helium Plant due to a broken turbine in July continued to affect the availability of the product throughout the quarter. Similarly, BLM shut down its crude Helium enrichment facility in the beginning of the quarter for maintenance, all these instances directly influenced the pricing trend of Helium in North America.
Asia
Global shortage of Helium directly influences the Helium market outlook in Asian region. An exponential surge in the prices of Helium was witnessed in the Asian market during the third quarter supported by the tight supplies and sturdy demand outlook. Most of the Helium in India is imported from USA therefore Indian market also experienced tight supply and exorbitant rise in the Helium values during this time frame. Similarly, the global scarcity of Helium also triggered the prices of Helium in China market. In addition, soaring freight charges under shortage of shipping containers further send ripples to the prices of Helium in the region. Bulk Ex Bengaluru Helium prices stood at USD 52438.40/MT in September, showcasing a hike of USD 8059.80 /MT since July. Therefore, Helium charges rose significantly amid extreme shortage and steady demand, in the Asian market during Q3 2021.
Europe
During Q3 2021, Helium prices in Europe followed the same trend as other regions as Europe imports most of the Helium from US, Qatar, and Algeria. During this quarter, import supplies from USA remained tight due to Ida hurricane. The Skikda, a key manufacturer of Helium in Algeria shut down its helium production unit in mid-June for more than a month due to some issues with the LNG plant that supplies feed gas for helium plant which consequently exerted burden on the European market. In addition, soaring freight charges and lack of shipping containers further contributed to the inflation in the pricing trend of Helium. However, the demand from the downstream sectors remained firm throughout the quarter.
For the Quarter Ending June 2021
North America
Global Helium shortage surged the prices in North America during this timeframe, as the demand remained consistently firm throughout the quarter. Post recovery from Covid pandemic, regional end users expected an improvement in the supply activities, which never happened in this quarter. However, more than 10% shortage in supplies was observed from the medical, laboratory and semiconductor segment during this timeframe. In addition, traders are expecting that, on the back of supply shortage, there will be another boom in prices in forthcoming months.
Asia
Asian imports for Helium remained consistently firm throughout the quarter backed by firm demand from downstream medical and laboratory segments. In the Indian market, most of the cargoes were received from USA. Therefore, amidst critical shortage and firm demand, prices of Helium rose effectively during Q2 2021, across Asia. Asia is an ever-growing market, where the demand for Helium is increasing every year. Global shortage has been providing opportunity for Canada to expand their business across the APAC region.
Europe
During Q2 2021, Helium prices in Europe moved in line with the international prices. Prices improved aggressively across the region, despite of having own sources of Helium unlike in Asia. In the meantime, Russia launched the first line of its Amur Gas Processing Plant, which is the one among the total six lines, having a huge potential to extract LNG and Helium. In addition, Russian manufacturers were already aware of the fact that their Helium production level is much lower than that of USA and Qatar, therefore, Russia based companies like Amur planned to expand its capacity to divert some of the demand from USA and Middle East to Europe.
For the Quarter Ending March 2021
North America
In North America, severe shortage of Helium was observed during Q1 2021. As a consequence of the winter storm across the USA gulf coast several plants went through an unplanned shutdown. BLM (Bureau of Land Management) had shut down its Texas based Helium enrichment unit during March for couple of weeks. The company has also planned another shutdown in April 2021. This shutdown is likely to reduce the Helium availability across the region that may support its prices.
Asia
As Asia does not have any source to produce Helium, hence it mostly imports all the Helium required for industrial activities. During the quarter, most of the Helium was imported from Qatar while the Helium market in Qatar was experiencing acute shortage due to major planned and unplanned plant shutdowns. Meanwhile, the demand from the semiconductor sector was rising across the region, especially in South Korea, which supported its prices to rise across the region. Though, the industrial activities in other Asian countries like India, remained on low pace during Q1 2021, the demand for Helium imports in India remained significantly low.
Middle East
In Middle East, Qatar gas is the second largest producer of helium after USA. Qatar extracts Helium with natural gas and that’s why the production of Helium also depends on the production of LNG. In February 2021, Qatar petroleum signed a deal to expand its LNG production capacity from 77 million MT/Year to 110 million MT/Year which is one of the largest single LNG project expansions in the history, which is likely to be completed by end of 2026. This expansion would improve the availability of Helium across the globe. Another news to be heard in the Middle East was the restrictions on transportation of shipments via cargo vessels from the Qatar-based port of Hamad to Jebel Ali on account of ongoing dispute between the UAE and Qatar. The tight supply situation did not see a major change during the quarter.
For the Quarter Ending December 2020
North America
Demand for Helium gradually declined in North America and remained below average for leading companies like Air Liquide, whose Helium sales went down by 15% in Q4 2020. Furthermore, the sales of carrier gases comparatively improved from the previous quarterswith increase in activities in the manufacturing sector. In addition, Blue Star Helium, one of the leading Helium suppliers of USA, has upgraded its P50 grade Helium resources by 16% to 3.5 billion cubic feet during the final quarter and expanded its drilling program from 3 to 5 wells. This mega expansion is expected to add on to the Helium export potential of the region and is likely to improve the local as well as global Helium supply as well.
Asia
After prolonged shortage of Helium supply since July 2020, final quarter of 2020 brought stability in both supply and prices. In India, prices of Helium got stable and returned to normalcy. According to Air Liquide, a global leading gas company, China witnessed a growth of around 3.5% in the overall industrial gas consumption which was due to the rapid recovery in the industrial activity during the final quarter. Besides, market sentiments of large industrial activities like metal fabrications and electronics appreciably improved in South Korea during Q4 which directly impacted the consumption of industrial gases like Helium.
Middle East
In Middle East, Qatar gas is the second largest producer of Helium after USA. Qatar extracts Helium with natural gas and that’s why the production of Helium also depends on the production of Liquified Natural Gas. During October, Qatar’s massive production facilities were shut for maintenance which impacted the global LNG and well as Helium supply and its prices. Later, in December the supply of global Helium came back to normal as several producers resumed their production as the market sentiments appeared optimistic.
