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China's Helium Prices +71% YTD as Imports Boost from Qatar

Updated: Apr 16

YTD to Feb'23 Chinese pricing has shot up 71% y/y to US$623/mcf. This is in line with other Asian countries where Qatar is the primary source - such as South Korea and Taiwan. Imports from Qatar have averaged US$566/mcf and are +65% YTD with the spread of pricing in different provinces ranging from ~US$500 – 900/mcf. Overall volumes have remained stable averaging at ~70mmcf/month. In January '23, a single cargo from Russia sold for ~US$1,460/mcf, which was the same price as an ISO in October 2022. Volumes from Russia have been turbulent in the past since the Amur plant caught fire and the war began in Feb'22. There has been a much wider spread of pricing for US imports over the last year, with pricing for some ISOs also exceeding US$1,000/mcf.

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