Oxygen Cost in Italy
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, Italy, contract price, exw, formula
- cash cost, on-site: Oxygen, Italy, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Italy, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Oxygen sold ex-works in Italy reached 13.5 USD cent per normal cubic meter, representing a decrease of 10.92% compared to April 2023. When looking at the full 12-month period from May 2022 to May 2023, Oxygen contract prices in Italy declined by 34.15%. During May 2023, the on-site cash cost for Oxygen at a typical consumer facility in Italy stood at 8.09 USD cent per normal cubic meter, down 13.56% from the previous month in April 2023. Across the 12-month span from May 2022 through May 2023, on-site oxygen costs in Italy fell by 40.07%. As of May 2023, the off-site cash cost for Oxygen supplied by large suppliers in Italy was 6.28 USD cent per normal cubic meter, reflecting a 16.45% decrease from April 2023. Over the entire 12-month period from May 2022 to May 2023, off-site oxygen costs in Italy decreased by 44.42%.
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.