Oxygen Cost in Belgium
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, Belgium, contract price, exw, formula
- cash cost, on-site: Oxygen, Belgium, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Belgium, cash cost, formula, off-site (large supplier)
In May 2023, Oxygen contract prices at the factory in Belgium reached 16.40 USD cent per normal cubic meter, representing a 12.33% increase compared to April 2023. Throughout the 12-month period from May 2022 to May 2023, contract prices for Oxygen in Belgium declined by 10.38%. As of May 2023, the on-site cash cost for producing Oxygen in Belgium was 10.40 USD cent per normal cubic meter, which reflects an 18.63% rise from the previous month in April 2023. Looking at the full year from May 2022 through May 2023, the on-site production costs for Oxygen in Belgium decreased by 10.34%. The off-site cash cost for Oxygen supplied by large suppliers in Belgium during May 2023 was 7.61 USD cent per normal cubic meter, marking a 28.81% increase from April 2023. Comparing May 2023 to May 2022, the off-site supply costs for Oxygen in Belgium fell by 6.88% over the 12-month span.
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 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.