Rare Gases Monthly Review: Domestic Helium Prices Continue to Rise, Krypton-Xenon Market Prices Decline (October 2025)

1. Market Overview

The average monthly price of bottled helium declined this period. According to statistics, as of October 29th, the average monthly price of bulk bottled (40L, 13.5±0.5Mpa) high-purity helium in China decreased by 0.2% month-on-month, with mainstream transactions leaning towards the lower end of the price range. While the average price of bottled helium decreased in October, the overall price remained stable. Currently, the mainstream transaction focus for bulk bottled helium intermediaries has shifted downwards. The trading atmosphere is relatively active.

The price of high-purity tube bundle helium remained stable this period, while the price of domestically produced helium continued its upward trend. Due to the large price difference with imported helium and reduced production, the market focused on purchasing domestic helium, leading to a continuous price increase. Statistics show that as of October 29th, the transaction focus shifted downwards, with the monthly price decreasing by 0.3%. The overall supply of domestically produced helium is tight, with some demand exceeding supply.

The average price of xenon gas declined this period. As of October 29th, the transaction price of xenon gas shifted downwards, with the monthly average price decreasing by 4.7% month-on-month. Major xenon gas manufacturers have high inventory levels, and with no large orders from downstream buyers, they are primarily focused on lowering prices to move inventory.

The average price of krypton gas remained stable this period, but the monthly average price declined. As of October 29, the transaction price center in the krypton gas market shifted downward, with the monthly average price decreasing by 1.3% month-on-month. Market trading activity was weak, and major companies are currently focusing on selling at low prices.

The average price of neon gas remained stable this period, while the monthly average price declined. As of September 28, the transaction price center of the neon gas market shifted downward, with the monthly average price decreasing by 3.1% month-on-month. End-user procurement in the neon gas market was relatively weak, with major manufacturers maintaining low-load production, and prices remaining stable near the cost line.

2. Market Outlook

2025. On the supply side, helium plant maintenance will gradually conclude in November, but with the heating season approaching, overall production recovery is expected to be limited. Furthermore, with Gazprom's maintenance concluded, imports will increase, leading to a recovery in overall supply. On the demand side, exports may be supported in November, and downstream demand for domestically produced helium remains relatively strong. In the short term, the tight supply situation in early November is expected to ease, and domestic helium prices may see further increases. However, with ample imported supply in the latter half of November, the market is expected to remain generally stable.

November . With the market supply surplus continuing and no large orders from downstream buyers, prices are expected to fall further.

The price of krypton in China is expected to continue its downward trend in November. In the short term, downstream purchasing activity is weak, and there is still room for price reductions .

The price of neon gas is expected to decline in November. In the short term, downstream demand is generally low, and with pressure to sell, prices are expected to fall further.