Oxygen Cost in Colombia
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, Colombia, contract price, exw, formula
- cash cost, on-site: Oxygen, Colombia, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Colombia, cash cost, formula, off-site (large supplier)
The contract price on an ex-works basis for Oxygen in Colombia reached 9.13 USD cent per normal cubic meter in May 2023, representing a slight decline of 0.11% compared to April 2023. Looking at the broader 12-month trend, Oxygen prices in Colombia have experienced a cumulative decrease of 8%. The cash cost for on-site Oxygen production in Colombia was 4.83 USD cent per normal cubic meter in May 2023, down 1.17% from the previous month. Throughout the 12-month period, on-site Oxygen costs in Colombia have declined by 6% in total. The cash cost for off-site Oxygen supply in Colombia stood at 3.89 USD cent per normal cubic meter in May 2023, showing a marginal decrease of 0.26% from April 2023. Over the past 12 months, off-site Oxygen costs in Colombia have fallen by 5% cumulatively.
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.