Carbon Monoxide Cost in South Korea
The chart above illustrates Carbon Monoxide price assessments, in US Dollar per normal cubic meter (USD/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Carbon Monoxide, South Korea, contract price, exw, formula
- cash cost, on-site: Carbon Monoxide, South Korea, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Carbon Monoxide, South Korea, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Carbon Monoxide delivered ex-works in South Korea reached 1.08 USD per normal cubic meter, representing a decline of 2.7% from April 2023. Comparing the May 2023 assessment to May 2022, contract prices for Carbon Monoxide in South Korea have fallen by 17% over the 12-month period. During May 2023, the on-site cash cost for Carbon Monoxide at typical consumer facilities in South Korea stood at 0.47 USD per normal cubic meter, down 2.3% from the previous month in April 2023. Year-over-year analysis shows that on-site production costs for Carbon Monoxide in South Korea declined by 23% when comparing May 2023 to May 2022. As of May 2023, the off-site cash cost for Carbon Monoxide from large suppliers in South Korea was 0.32 USD per normal cubic meter, marking a 3.0% decrease from April 2023. Over the 12-month comparison from May 2022 to May 2023, off-site supply costs for Carbon Monoxide in South Korea have decreased by 30%.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
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About Carbon Monoxide
Carbon monoxide is a utility used as a reactive gas in chemical processes, particularly in the production of synthesis gas (syngas) and as a feedstock for producing chemicals like acetic acid and methanol. It is also employed in metallurgical processes for its reducing properties.