First Quarter of 2023 in Asia Pacific Helium Prices Online
North America
During the first quarter of 2023,
Helium
prices in the North American region inclined on account of tight supply
availability of the product. Helium shortage continued to impact the overall
prices sentiments of Helium along with fluctuating prices of its upstream (natural
gas) in the regional market. Facets such as the US bank crisis, along with
incline demand for the product, proportionally impacted the overall market
dynamics of Helium. Towards the quarter end, Helium prices soared as the demand
for the product in the international market inclined. North American Helium Inc
announced that it successfully brought in two additional helium purification
plants.
APAC
During the first quarter of 2023,
the price dynamics of Helium in the Asian market soared in the domestic market.
Despite falling natural gas prices, there was a shortage of the product on the
worldwide market, resulting in rising Helium gas prices. Due to a lack of
supply for the product in India, tilted imported prices influenced the final
pricing. Helium prices rose sharply towards the quarter end as the supply chain
remained uneven and transit times increased. The Indian healthcare industry, as
well as semiconductor manufacturing, demonstrated a higher demand for the
commodity. Helium is a significant component in the smooth operation of MRI
equipment, which plays an important role in diagnostics.
Europe
Helium prices in Europe
fluctuated during the first quarter of 2023 due to fluctuating Natural Gas
prices on the worldwide market. Increased energy prices, as well as a
disrupted supply chain, influenced final prices. As a result of the Russian
government's implementation of sanctions, there was a shortfall of natural gas
available on the European market in Q1. The primary cause driving up the price
value was stagnant demand in the automobile, healthcare, and other industries,
as well as inconsistent supply from end-use manufacturing facilities.
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