Helium Suppliers Tightening Allocation

A number of major global helium suppliers are beginning to tighten up their allotment to customers and other smaller distributors as they take an increasingly cautious approach to the market.

At least two major suppliers are restricting supply to 100% of their customers’ historical consumption in some regions, reports gasworld’s Rob Cockerill. The decision has been made because helium markets are once again experiencing tight supply conditions, although it is unclear exactly why.

The idea behind the decision is to prevent stockpiling in lieu of the depletion of the US helium reserve, which is widely expected to occur in approximately two years.

How this development will affect pricing and availability is yet to be determined, although much of the market will depend on the ability of private mining companies to meet the growing demand for helium in the coming years.

“For the second time in less than 12 months, we are staring at the prospect of another global helium shortage,” says Phil Kornbluth, president of Kornbluth Helium Consulting. Phil warned that global helium markets may experience a tenuous balance between supply and demand for the remainder of 2018, saying; “This new warning appears to have the hallmarks of a potentially more sustained impact.”

MORE NEWS
 
A foil Valentine’s Day balloon caused a power outage for thousands of PG&E customers in San Jose on Wednesday 14...
 
Taking place from 25 – 27 March, Angels Open Day is returning for its second year in 2018. Palmer Agencies...
 
Today (Friday 16 February) marks the beginning of Chinese New Year, one of the world’s most colourful events....
 
Celebrated balloon artist Jason Hackenwerth has made his way to Dubai with his latest 20,000 balloon sculpture....
 
PWW spoke to Susie Patten, owner of Fancy Dress Hut in Ipswich, to find out how the last year has...
 
Emma Angel, director of Angels Fancy Dress, spoke to PWW about World Book Day and what she’s expecting to be...
Get the latest news sent to your inbox
Subscribe to our daily newsletter