New Crisis In Semiconductors: Neon Gas Prices Soar 9 Times

By Author: Gloria
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According to MoneyDJ, the war between Russia and Ukraine has halted the operations of the Ukrainian industry, which supplies half of the world's neon gas, and the price of neon has soared nearly nine times in China. Neon is a key raw material for chip manufacturing, which has cast a shadow over the global semiconductor supply.

The South China Morning Post reported that the average wholesale price of neon gas for industrial use in China hit 16,000 yuan (equivalent to $2,500) per cubic foot last Thursday (March 17), nearly nine times the price quoted on Feb. 24 (1,850 yuan), according to Zuotron, a website specializing in tracking Chinese commodity prices.

Liu Yin, business manager of Shanghai-based specialty gas supplier Song Ci Technology, said the Russian-Ukrainian war has disrupted supply and demand, causing prices to spike wildly, and that neon gas is forecast to become more expensive as Ukrainian plants are unlikely to resume operations anytime soon.

Chen Zhina, manager of Naxin Special Gases in Changzhou, Jiangsu province, said that China's share of global neon supply could rise from the current 30 percent to 50 percent as some foreign buyers switch to Chinese suppliers, according to a South Morning report. 30%.

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