During Q1 2026, the helium market in China witnessed a firm yet fluctuating trend, influenced by shifting global supply conditions and geopolitical uncertainties. Prices averaged at around 93000 USD/MT (FOB) in January’26 in China, and around 93109 USD/MT (CIF) in India. The quarter began on a relatively stable note, supported by adequate inventories across key sectors such as semiconductors and medical imaging, alongside ample global supply driven by increased output from alternative producers.
However, as tensions in the Middle East intensified, particularly involving major supplier Qatar, concerns over natural gas-linked helium availability led to intermittent upward pressure and heightened market volatility. In China, steady demand from semiconductor manufacturing remained the primary driver, while the healthcare sector also gained attention as tightening supplies began raising concerns over MRI operations and inventory adequacy.
Despite these pressures, supply disruptions were partially mitigated by diversified sourcing, strategic reserves, and recycling efficiencies across end-use industries. Globally, the market reflected similar dynamics, with supply buffers preventing immediate shortages but sustained geopolitical risks maintaining a firm undertone. Overall, helium prices remained supported throughout the quarter, with market sentiment increasingly sensitive to supply side developments.