Oxygen Cost in Australia
The chart above illustrates Oxygen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Oxygen, Australia, contract price, exw, formula
- cash cost, on-site: Oxygen, Australia, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Australia, cash cost, formula, off-site (large supplier)
In May 2023, the contract price on an ex-works basis for Oxygen in Australia stood at 13 USD cent per normal cubic meter, representing a slight decrease of 0.76% compared to April 2023. Throughout the 12-month period, Oxygen contract prices in Australia experienced a total decline of 26%. As of May 2023, the on-site cash cost for Oxygen in Australia reached 8.24 USD cent per normal cubic meter, showing a marginal reduction of 0.60% from the previous month. Over the past year, on-site Oxygen costs in Australia decreased by a total of 31%. In May 2023, the off-site cash cost for Oxygen in Australia was valued at 5.43 USD cent per normal cubic meter, with no change from April 2023. Across the 12-month period, off-site Oxygen costs in Australia fell by a cumulative 39%. During May 2023, the contract price on an ex-works basis for Oxygen in Australia was 13 USD cent per normal cubic meter, marking a 0.76% decline from the prior month. The annual assessment shows that Oxygen contract prices in Australia have declined by 26% over the year.
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.
Other Utility Costs
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About Oxygen
Oxygen is used as a utility to enhance combustion in industrial furnaces and reactors, improving energy efficiency and increasing production rates. It is also critical in oxidation processes and is often supplied in controlled amounts to meet specific process needs.