Taiwan Helium Imports Sharply Drop by ~55% m/m in Jun'23

Surprisingly, Taiwanese helium imports declined by 54% m/m to 18mmcf in Jun'23. Taiwan's usual monthly average import level is 30mmcf and accounts for ~5% of global helium demand. However, in Jun'23, imports from Qatar and the US (its main suppliers) fell 38% and 75% m/m respectively. The US fall could be explained by lower US exports ahead of downtime of ExxonMobil's La Barge facility but no particular reason for Qatar. Kaohsiung Port normally imports the highest volumes of ~11mmcf/m but that dropped to 1mmcf in June. YTD volumes have dropped 11% y/y while prices have remained in a stable range of ~US$500/mcf.

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