As is well known,heliumresources have been in continuous shortage since last summer, creating a supply-demand imbalance in the market,heliumprices have also been skyrocketing. This situation persisted until 2019, causing significant distress for many.HeliumUser!
Many end users are searching for new alternatives while also paying close attention to how long this price fluctuation will persist?
The helium price fluctuation is primarily driven by the following reasons:
Internationally, in September 2018, the merger of Linde and Praxair led to importedhelium pricesAffected; the helium plant in the U.S. has halted production for equipment maintenance, leading to reduced helium output, which naturally impacts the price of imported helium; both Qatar's Phase III helium purification project and Russia's Amur Gas Processing Plant have yet to commence production, resulting in a tight supply of helium resources.
From a domestic perspective, China has always been a helium-poor country with extremely tight helium resources. Although abundant helium reserves have been discovered in the Weihe Basin of Shaanxi and the Dagang Oilfield, significant challenges exist in both exploration and production technologies.
Asheliumbecomes more widely used, the helium market is becoming increasingly tight. However, helium users need not worry too much. In the second half of 2019, helium plants in the United States gradually resumed production, and starting next year, Qatar and Russia will also begin production, with helium output expected to increase.