Global helium trade flow fell 20% to 152mmcf in Jun'24 vs Jan-May'24 average due to weak Asian demand. China, the biggest consumer, experienced a 20% decrease during this period as well. Recent Chinese PMI data indicates sluggish manufacturing activities, which also impact related helium industries. Weak helium exports to Asia were seen from Qatar and the US whose exports to Asia fell 23% and 32% respectively compared to the Jan-May'24 average. However, Russian volumes to Asia reached record levels of 35mmcf (+19% for the same period) as Russia ramps up production from Amur. We have already seen countries like China trying to replace Qatari and US volumes with Russian helium. The June trend might suggest a transition, with Qatar and US Asian contracts ending while Russian imports remain robust.
top of page
Search
Recent Posts
See AllThe EU has agreed to the previously proposed sanctions against Russia, as announced by the Belgian presidency of the Council of the...
Since Russia began exporting helium from its Amur facility in Sep'23, China has been Russia's biggest trading partner. However, the...
bottom of page