For the Quarter Ending December 2025
North America
• In USA, the Helium Price Index rose by 0.25% quarter-over-quarter, reflecting improved import flows buying.
• The average Helium price for the quarter was approximately USD 96440.00/MT, reflecting CFR contractual allocations.
• Helium Spot Price softness reflected easing export offers from Qatar and improving global inventory buffers.
• Helium Price Forecast indicates modest volatility as seasonal demand and incoming U.S. supply affect balance.
• Helium Production Cost Trend shows stable feedstock costs and logistics improvements reducing landed costs marginally.
• Helium Demand Outlook remains steady driven by semiconductor and healthcare consumption supporting baseline offtake levels.
• Helium Price Index momentum moderated due to year-end destocking and measured replenishment by major buyers.
• Improved export logistics and progressing domestic projects reduced import reliance, supporting a balanced supply environment.
Why did the price of Helium change in December 2025 in North America?
• Easing export offers from Qatar and softer landed costs reduced spot CFR Houston competitiveness and pressure.
• Year-end destocking and cautious buyer replenishment limited spot procurement despite structurally strong semiconductor demand overall.
• Advancing domestic projects and improved logistics lowered perceived supply risk, tempering further price upside pressure.
APAC
• In Singapore, the Helium Price Index rose by 0.33% quarter-over-quarter, reflecting balanced supply improvements yet disciplined export allocations.
• The average Helium price for the quarter was approximately USD 93940.00/MT on CFR Jurong terms.
• Helium Spot Price showed subdued offers as Qatari exporters eased premiums, cushioning CFR quotes and liquidity.
• Helium Price Forecast indicates minor month-to-month fluctuations driven by seasonal demand and new production capacity.
• Helium Production Cost Trend remained stable as feedstock gas softened, easing upstream cost pressures for liquefaction.
• Helium Demand Outlook stays steady, supported by semiconductor and healthcare consumption despite cautious inventory optimisation.
• Helium Price Index eased with rising inventories and disciplined export allocations from Qatar, moderating near-term momentum.
• Major project progress, including Galactica developments and U.S. starts, supports supply resilience despite seasonal logistics influencing allocations.
Why did the price of Helium change in December 2025 in APAC?
• Easing export offers from Qatar and year-end destocking increased available volumes, softening CFR market pricing.
• Stable feedstock natural gas eased production costs, enabling exporters to offer marginally lower contract terms.
• Improved shipping and logistics reduced delays, supporting imports while buyer caution limited short-term spot purchases.
Europe
• In Germany, the Helium Price Index showed a stable to slightly softer trend quarter-over-quarter, reflecting easing supply tightness across the region.
• Improved import reliability from Middles east suppliers moderated the Helium Spot Price, reducing urgency-driven buying by distributors.
• The Helium Production Cost Trend stabilized as logistics constraints eased, freight normalized, and supply chain visibility improved.
• The Helium Demand Outlook remained steady, supported by healthcare, semiconductor manufacturing, and research applications, though growth was capped by cautious procurement.
• The Helium Price Forecast indicates limited volatility heading into early 2026, with balanced inventories and predictable contract flows shaping expectations.
• Year-end inventory normalization and contract renegotiations tempered upward momentum in the Helium Price Index during the quarter.
• Improved storage management and diversified sourcing reduced regional supply risk, supporting a more balanced European helium market environment.
• Industrial gas suppliers maintained disciplined allocation strategies, preventing sharp price swings despite steady end-user demand.
Why did the price of Helium change in December 2025 in Europe?
• Improved import flows and easing logistics constraints reduced supply risk perceptions, softening spot market sentiment.
• Year-end destocking and cautious replenishment by industrial gas majors limited incremental spot demand.
• Stable demand from healthcare and semiconductors provided a floor, but balanced inventories capped further upside in the Helium Price Index.
MEA
• In Qatar, the Helium Price Index fell by 0.22% quarter-over-quarter, reflecting ample export supply globally.
• The average Helium price for the quarter was approximately USD 88940.00/MT amid steady export volumes.
• Helium Spot Price softened as inventories increased and distributors prioritized storage over fresh procurement strategically.
• Helium Price Forecast shows mild volatility driven by seasonal demand and incremental U.S. supply entering markets.
• Helium Production Cost Trend eased because regional natural gas feedstock prices declined slightly, reducing marginal costs.
• Helium Demand Outlook remains structurally strong led by semiconductors and healthcare, sustaining baseline offtake levels.
• Helium Price Index movements were moderated by efficient port operations and absence of major plant outages.
• Helium Spot Price pressure persisted due to year-end destocking and cautious buyer purchasing behavior persistently.
Why did the price of Helium change in December 2025 in MEA?
• Global oversupply from Qatar and new U.S./South African sources increased available volumes, pressuring prices downward.
• Declining Middle East natural gas feedstock costs reduced production margins, contributing to downward price movements.
• Year-end destocking and reduced spot procurement lowered immediate demand, offsetting strong semiconductor long-term consumption patterns.
For the Quarter Ending September 2025
North America
• In USA, the Helium Price Index rose by 0.42% quarter-over-quarter, supported by steady imports and cautious buying.
• The average Helium price for the quarter was approximately USD 96200.00/MT, reflecting moderate demand and stable import flows.
• Observed Helium Spot Price volatility informed the Helium Price Forecast, constrained by geopolitical risk and maintenance outages.
• Rising energy and shipping expenses affected the Helium Production Cost Trend, pressuring margins for domestic extraction projects.
• The Helium Demand Outlook remains firm for semiconductors and healthcare, offsetting weakness in other segments.
• Elevated inventories and steady exports tempered spot buying, keeping the Helium Price Index subdued despite periodic tightness.
• U.S. project ramp-ups and South African capacity additions influence allocations and the Helium Price Forecast for late year.
• Buyers limited purchases to immediate needs, resulting in muted spot liquidity and restrained Helium Spot Price movements.
Why did the price of Helium change in September 2025 in North America?
• Supply concerns arose from Middle East tensions and occasional maintenance, tightening short-term availability and procurement hedging.
• Ample imports from Qatar and inventory buildup reduced urgency, exerting downward pressure on domestic pricing dynamics.
• Freight fluctuations and seasonal industrial lull constrained restocking and moderated short-term demand.
APAC
• In Singapore, the Helium Price Index rose by 0.43% quarter-over-quarter, tightening from geopolitical supply risk.
• The average Helium price for the quarter was approximately USD 93633.33/MT supported by steady imports.
• Helium Spot Price remained variable as semiconductor demand firmed slightly while industrial welding remained subdued.
• Helium Price Forecast indicates monthly fluctuations driven by maintenance outages, seasonal restocking, and supply diversification.
• Helium Production Cost Trend stayed stable as LNG feedstock prices held, limiting upward price pressure.
• Helium Demand Outlook signals steady MRI and semiconductor consumption, offset by weak construction welding demand.
• Helium Price Index volatility remained contained as Qatar deliveries sustained supply and inventories moderated shocks.
• Spot availability tightened after outages, prompting selective purchases and cautious procurement across regional Asian buyers.
Why did the price of Helium change in September 2025 in APAC?
• Geopolitical tensions elevated perceived supply risk, pushing marginal premiums despite uninterrupted physical flows from Qatar.
• Maintenance outages and constrained Russian volumes temporarily tightened export availability, increasing short term market sensitivity.
• Muted industrial demand and monsoon-related construction delays reduced consumption, offsetting some upward price pressure locally.
Europe
•In Germany, the Helium Price Index increased quarter-over-quarter, supported by steady imports and cautious purchasing.
• Helium Spot Price showed volatility, shaping the Helium Price Forecast amid geopolitical risks and planned maintenance.
• Rising energy and shipping costs impacted the Helium Production Cost Trend, squeezing margins for extraction projects.
• The Helium Demand Outlook stayed solid in semiconductors and healthcare, countering softness in welding and construction.
• Project expansions and new capacity additions influenced supply allocations and the Helium Price Forecast for year-end.
• Buyers restricted orders to immediate requirements, leading to low spot liquidity and limited price movements.
• Persistent port congestion at European ports disrupted supply, tightening availability and supporting higher prices.
Why did the price of Helium change in September 2025 in Europe?
• Supply disruptions from Middle East tensions and scheduled maintenance reduced short-term availability and prompted hedging.
• Steady imports and inventory accumulation eased urgency, putting downward pressure on regional pricing.
• Persistent port congestion at European ports, further disrupting the supply and contributing to price increases.
MEA
• In Qatar, the Helium Price Index rose by 0.6% quarter-over-quarter, reflecting modest market tightening conditions.
• The average Helium price for the quarter was approximately USD 89133.33/MT FOB Doha as reported.
• Helium Spot Price volatility increased as regional supply risks supported firmer Price Index.
• Helium Price Forecast indicates month-to-month fluctuations driven by maintenance outages and geopolitical supply premiums ahead.
• Helium Demand Outlook stays supportive from semiconductor and healthcare sectors, offset by welding and construction procurement.
• Inventory build in Qatar and rising South African output moderated regional Price Index and pressured spot availability.
• Major producers operated reliably, but localized maintenance and geopolitical disruptions intermittently tightened exports and logistics.
Why did the price of Helium change in September 2025 in MEA?
• Geopolitical tensions raised perceived supply risk premiums, tightening availability and supporting regional Price Index increases.
• Maintenance outages and Algerian facility downtime reduced export volumes, amplifying supply constraints and logistics delays.
• Persistent semiconductor and healthcare demand supported consumption, offsetting industrial summer slowdown and cushioning downward pressure.
For the Quarter Ending June 2025
North America
• The helium market in the U.S. trended mixed through Q2 2025, with prices softening in April before firming modestly into May and June. Early-quarter weakness stemmed from global oversupply—driven by steady Qatari production, incremental output from South Africa’s Renergen, and the anticipated ramp-up of U.S. projects—while softer demand from welding and semiconductors kept buyers cautious.
• In April, prices dipped as industrial consumption lagged due to muted construction activity, while semiconductor demand remained under pressure from cost and trade uncertainties. Healthcare MRI demand offered steady support, but most buyers avoided forward commitments, relying on inventories amid abundant global supply.
• May marked a rebound as stronger offers from Qatar and normalized logistics, alongside stable healthcare and research demand, lifted prices despite persistently weak welding and uneven semiconductor consumption. Import flows stabilized, and tactical procurement supported market movement.
• By June, prices inched higher amid heightened geopolitical risks in the Middle East, including tensions impacting Iran’s South Pars and U.S. interests in Qatar, which raised speculative premiums despite steady flows. Demand stayed stable from healthcare and semiconductors, while welding consumption remained constrained by declining residential investment and delayed public infrastructure projects.
Why did the price of Helium change in July 2025 in North America?
• In July, the Helium Price Index in North America rose as geopolitical tensions in the Gulf sustained supply risk premiums, reinforcing firm pricing sentiment across the market.
• The Helium Production Cost Trend stayed relatively steady, but steady demand from MRI production and semiconductor manufacturing kept consumption elevated, adding further upward pressure.
• Limited global supply flexibility and ongoing procurement from high-tech and healthcare sectors maintained a bullish tone in regional helium prices.
Asia
• The helium market in India softened early in Q2 2025 before stabilizing and inching higher toward June, as abundant global supply from Qatar, South Africa’s Renergen, and upcoming U.S. output pressured prices despite steady healthcare-led consumption. Industrial demand, especially from welding and semiconductors, remained muted, capping any early-quarter recovery.
• In April, prices dropped as oversupply from exporting nations like Qatar combined with sluggish downstream activity. Heatwaves and seasonal labor shifts slowed construction-linked welding demand, while global semiconductor usage declined under U.S. tariff-related cost pressures. Only MRI-related healthcare demand-maintained stability.
• Prices rebounded in May as firmer export offers from Qatar and improved logistics supported modest gains. Healthcare consumption and limited demand from electronics offset continued weakness in welding, while Indian importers adjusted procurement to match higher international offers without building excess stocks.
• June saw prices edge up marginally, driven by geopolitical tensions in the Middle East and Russia, which introduced a risk premium despite uninterrupted Qatari supply. Healthcare and semiconductor sectors sustained helium usage, while monsoon-driven construction disruptions kept industrial demand subdued, prompting buyers to remain cautious with procurement.
Why did the price of Helium change in July 2025 in Asia?
• In July, the Helium Price Index in Asia rose as geopolitical tensions in the Gulf maintained supply risk premiums, bolstering a firm pricing outlook across regional markets.
• The Helium Production Cost Trend remained stable, but consistent demand from MRI production and semiconductor manufacturing kept consumption elevated, sustaining upward momentum.
• With supply concerns lingering and high-tech sector demand steady, regional helium prices continued to trend higher.
Europe
• The helium market in Europe trended soft-to-stable through Q2 2025, with prices easing in April before firming slightly in May and stabilizing into June. Early-quarter weakness reflected global oversupply—driven by steady Qatari output, additional volumes from South Africa’s Renergen, and anticipated U.S. production—while subdued welding demand, tied to Eurozone construction weakness, kept overall sentiment muted.
• In April, prices slipped as industrial gas consumption stayed weak amid stagnant residential and commercial construction, while semiconductor demand remained under pressure from elevated costs and trade policy uncertainty. Healthcare MRI demand provided consistent baseline support, but most buyers deferred long-term procurement, relying on steady inventories.
• May brought a mild recovery as export logistics improved and firmer offers from Qatar coincided with steady healthcare and research sector demand. However, welding and construction-related usage stayed subdued, with housing and infrastructure activity across Germany and the Eurozone continuing to lag.
• By June, prices stabilized with a marginal uptick as geopolitical tensions escalated in the Middle East and Russia, adding a speculative risk premium despite uninterrupted supply from Qatar. Core demand from healthcare and semiconductors held steady, but welding and construction-linked consumption remained weak, keeping overall European trading activity conservative.
Why did the price of Helium change in July 2025 in Europe?
• In July, the Helium Price Index in Europe rose as geopolitical tensions in the Gulf sustained supply risk premiums, keeping pricing sentiment firm across regional markets.
• The Helium Production Cost Trend remained steady, but strong demand from MRI production and semiconductor manufacturing kept consumption elevated, adding upward pressure on prices.
• With supply risks persisting and steady offtake from critical industries, helium prices continued their bullish trajectory.
MEA
• The helium market in Qatar trended soft-to-stable through Q2 2025, as ample global supply—anchored by steady Qatari production and expanding output from South Africa’s Renergen and upcoming U.S. projects—kept export competition high despite stable baseline demand from semiconductors and healthcare. Industrial welding consumption, tied to global construction markets, remained persistently weak, limiting any upward price momentum.
• In April, prices fell as surplus volumes from Qatar, South Africa, and pre-production activity tied to the U.S.’s Galactica project deepened the glut. Weak semiconductor and welding demand, coupled with buyers’ preference for short-term procurement, reinforced a bearish tone despite stable port operations and output from Qatar’s North Field.
• May saw prices rebound modestly as export logistics improved, U.S.–China trade tensions eased, and MRI and semiconductor applications held steady. While oversupply persisted, the slower pace of new global capacity additions offered temporary pricing relief, even as industrial welding activity continued to lag.
• By June, prices stabilized with a slight uptick amid escalating geopolitical tensions in the Middle East and Russia, which introduced a risk premium despite uninterrupted Qatari supply. Healthcare and semiconductor demand maintained their role as core consumption drivers, while industrial uses stayed soft under extreme temperatures and sluggish global construction activity, prompting conservative procurement strategies across importing regions.
Why did the price of Helium change in July 2025 in the MEA?
• In July, the Helium Price Index in MEA rose as ongoing geopolitical tensions in the Gulf sustained supply risk premiums, reinforcing a firm pricing sentiment across the region.
• The Helium Production Cost Trend stayed steady, but consistent demand from MRI production and semiconductor manufacturing kept consumption elevated, driving upward pressure on prices.
• With regional supply risks and steady high-tech sector offtake, helium prices maintained a bullish tone.
For the Quarter Ending March 2025
North America
Throughout Q1 2025, the helium market in North America exhibited mixed trends, shaped by evolving global supply conditions and steady demand from high-value sectors. In January, helium prices in the U.S. edged up slightly as higher import costs from Qatar—driven by rising natural gas prices—combined with proactive restocking efforts to lift procurement. Demand remained firm, supported by strong offtake from the healthcare sector and growing helium applications in semiconductor manufacturing for AI and 5G technologies.
However, in February, helium prices dipped as supply surged from Qatar’s Ras Laffan plants and Russia’s Amur Gas Processing Plant, easing earlier tightness. Despite moderate demand from food, healthcare, and electronics, ample supply exerted downward pressure.
March witnessed a further price drop, driven by additional supply-side contributions from South Africa’s Renergen and Iran’s pilot extraction project, which intensified global competition and led to aggressive offers. U.S. buyers maintained cautious procurement amid easing costs and softening demand in construction-linked applications like welding. Helium prices in the U.S. closed Q1 2025 at USD 95,600/MT CFR Houston.
APAC
In Q1 2025, the APAC helium market experienced mixed price movements, influenced by global supply shifts, geopolitical developments, and sector-specific demand. In January, prices in India rose due to higher import costs from Qatar, driven by increased production expenses linked to rising natural gas prices. Active restocking by local importers and firm demand from the semiconductor and healthcare sectors supported this upward trend. In February, the market saw a downward shift as abundant supply from Qatar and rising output from Russia’s Amur plant eased procurement pressures. India’s demand remained steady, especially from the industrial and high-tech segments, but the growing global surplus weighed on prices. By March, the downward momentum continued across the APAC region, with India experiencing further easing in prices amid persistent oversupply and subdued regional activity. Construction-related consumption slowed due to Ramadan, though steady procurement from healthcare and semiconductor applications helped sustain baseline demand. Overall, the APAC helium market remained stable, shaped by a balance of consistent end-use demand and increased global supply availability.
Europe
Throughout Q1 2025, the helium market in Europe, particularly in Germany, followed a similar mixed pricing trajectory, influenced by shifting global supply dynamics and region-specific demand fluctuations. In January, helium prices edged up slightly as higher import costs from major exporters, including Qatar, coincided with winter restocking by European buyers. Demand from sectors such as semiconductors and healthcare remained steady, particularly for MRI cooling and chip fabrication, while construction-related applications saw seasonal slowdowns. By February, helium prices began to soften amid a global supply surge from expanded output in Qatar and Russia. Eased freight rates and consistent inbound flows supported improved inventory positions across key European ports, reducing procurement urgency. March brought further price declines as South Africa and Iran added new volumes to the global helium pool, increasing export competition and pushing down offers into European markets. Weakened demand from welding and cutting activities amid slowdown in the construction sector further dampened momentum. Nevertheless, baseline demand from high-tech and medical sectors helped maintain stable consumption, keeping the European helium market well-balanced by quarter’s end.
MEA
The MEA helium market, with Qatar as the regional hub, witnessed mixed pricing dynamics throughout Q1 2025. January saw an upward push in helium prices driven by tight supply conditions, low inventories, and increased restocking by end-users. Rising natural gas prices and logistical disruptions further supported the firm market sentiment. However, the trend reversed in February as production ramped up at Qatar’s Ras Laffan complex, while global supply rose with increasing output from Russia’s Amur facility and new contributions from the USA and Iran. This oversupply weighed prices despite steady demand from the healthcare and semiconductor sectors. In March, the market remained bearish as South Africa’s Renergen began commercial liquid helium production and regional demand slowed during Ramadan, especially in construction and welding applications. While baseline consumption from critical sectors remained intact, oversupply and elevated inventories led to subdued trading activity. Throughout the quarter, Qatar maintained its strategic position as a key exporter, with robust export flows to India and the USA, though market sentiment stayed soft amid rising global production and seasonal demand moderation.
