Monthly Review of Rare Gas Market: Helium Supply Tightness Eases, Xenon/Krypton/Neon Markets Diverge (July 2026)

In July 2026 China's domestic rare gas market presented divergent trends Helium prices maintained a downward trend as sustained supply expansion significantly eased previous supply shortages while xenon krypton and neon saw varying declines in transaction prices amid weak downstream demand with strong wait-and-see sentiment prevailing across the whole market

Helium Increased Supply Alleviates Shortage and Puts Downward Pressure on Prices

In July domestic helium supply achieved remarkable growth On the one hand imported helium arrived continuously and stably On the other hand a large domestic helium extraction project reached full capacity to further expand domestic supply With rising supply but insufficient downstream demand the long-standing helium shortage was greatly relieved and bottled helium prices kept fallingIn the bottled helium market overall transaction prices declined throughout the month with weak downstream intake and slow trading pace Bulk tube-trailer helium also faced downward price pressure At the early stage of the month concentrated arrival of imported helium plus stable output from domestic extraction plants pulled prices down In the middle of the month market wait-and-see sentiment intensified and transactions slowed with prices stabilizing temporarily At the late stage of the month continuous release of domestic helium paired with sluggish downstream purchasing pushed prices down again Factory quotations of tube-trailer high-purity helium from major producing regions such as Inner Mongolia and Shaanxi have dropped to relatively low levels with thin trading volume and widespread caution among downstream buyers

Xenon Persistent Supply-Demand Imbalance Leads to Weak Market Prices

The average market price of xenon decreased in July with lower mainstream transaction prices The supply-demand imbalance of xenon has not improved Major manufacturers maintain high inventory levels which keep market prices falling Downstream purchasing activity remains sluggish and sporadic transactions are concluded at low price ranges The xenon market will still face heavy downward pressure in the short term

Krypton Conservative Downstream Procurement Low-Price Transactions Prevail

The average market price of krypton remained flat in July while actual transaction prices moved down End customers only replenish inventory as required with highly conservative procurement strategies Manufacturers and distributors generally adopt low-price sales to compete for orders and accelerate inventory clearance under the current market atmosphere

Neon Sufficient Channel Inventories Result in Sluggish Market Transactions

The average market price of neon stayed stable in July with a slight drop in mainstream transaction prices Distribution channels hold abundant inventories leading to inactive trading Manufacturers and traders mostly sell products at prices close to production costs

Maket Outlook Helium Price Declines to Narrow Xenon and Krypton Still Under Downward Pressure

Looking forward to August high-purity helium prices are expected to fluctuate with limited space for sharp declines On the supply side imported helium volumes will stay generally stable yet uncertainties exist in export license approval and ocean transportation cycles Domestic helium production capacity will continue to release to supplement domestic circulation supply On the cost side high overseas import costs offer support for imported helium prices while domestic helium quotations are already close to production costs so manufacturers have little willingness to cut prices further On the demand side rigid demand from medical and semiconductor industries still exists yet downstream purchasers remain prudent without large-scale centralized restocking Overall helium prices will slip slightly in August with a narrower decline range compared with JulyFor xenon prices are expected to keep falling in August due to sluggish downstream purchasing leaving room for further price declines For krypton prices will maintain a downward trend in August as weak end-user demand prompts market participants to clear inventories at low prices to recover funds For neon the market will stay steady in August with dull short-term trading activity

Professional and Reliable Supply

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