January Rare Gas Market Review and February Price Trend Forecast | Jiayuan Analysis

In January, the transaction focus for bottled helium shifted downwards, with tight supply but good sales. Regarding high-purity helium in tube bundles, both imported and domestic prices fell. Ample domestic supply led to reduced downstream demand, while imported helium faced pressure to sell at the distribution end, resulting in larger price reductions and significantly lowering domestic helium prices. Jiayuan predicts that helium market prices will generally decline in February. On the supply side, domestic supply is expected to decrease slightly around the Spring Festival, but Russian and Calgary gas supplies remain stable, and ample imports continue to exert downward pressure on prices. On the demand side, support around the Spring Festival is limited. Overall, the market supply is expected to be abundant, and the bulk purchase prices of both tube bundle helium and bottled high-purity helium in China are expected to adjust downwards in February 2026.

Jiayuan Supply: High-purity helium, bottled helium, and tube bundle helium, all specifications available, with stable supply.

The average price of xenon declined in January, mainly due to high inventory levels at major manufacturers, who faced year-end sales pressure, leading to a significant price drop. Jiayuan predicts that xenon prices will further decrease in February. Given the continued weak downstream demand, manufacturers are facing pressure to adjust their mainstream selling prices.

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The average price of krypton remained stable in January, but the transaction focus shifted downwards. Downstream demand was moderate, and the market as a whole focused on stable sales. Jiayuan predicts that krypton prices in China will continue to decline in February. In the short term, high channel inventory levels are increasing pressure on companies to sell, and prices still have room to fall.

Jiayuan supplies: Krypton products of various purities, supporting bulk purchases and long-term contracts.

The average price of neon remained stable in January, but transaction volume declined. Downstream demand was limited, and with ample inventory, trading activity was weak. Jiayuan predicts that neon prices will decrease in February. In the short term, downstream purchasing activity is generally low, and under pressure to sell, the average market price is expected to decline further.

Jiayuan Supply: High-purity neon, stable quality, and ample supply.