Oxygen Cost in Hungary
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, Hungary, contract price, exw, formula
- cash cost, on-site: Oxygen, Hungary, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Hungary, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Oxygen delivered ex-works in Hungary stood at 16.9 USD cent per normal cubic meter, representing a decline of 10.85% from April 2023. Comparing the May 2023 price to May 2022, Oxygen contract prices in Hungary have increased by 8% over the 12-month period. The on-site cash cost for Oxygen in Hungary reached 10.4 USD cent per normal cubic meter in May 2023, down 12.61% from the previous month of April 2023. Year-over-year, the on-site cash cost for Oxygen in Hungary has risen by 24% when compared to May 2022. The off-site cash cost for Oxygen supplied by large suppliers in Hungary was 9.24 USD cent per normal cubic meter in May 2023, reflecting a decrease of 12.83% from April 2023. Over the past year, the off-site cash cost for Oxygen in Hungary has increased by 28% relative to May 2022.
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.