Oxygen Cost in South Korea
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, South Korea, contract price, exw, formula
- cash cost, on-site: Oxygen, South Korea, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, South Korea, cash cost, formula, off-site (large supplier)
In May 2023, the contract price on an ex-works basis for Oxygen in South Korea reached 14.40 USD cent per normal cubic meter, representing a decrease of 3.45% compared to April 2023. Looking at the broader trend, Oxygen prices in South Korea have declined by 2% over the twelve-month period from May 2022 to May 2023. The on-site cash cost for Oxygen in South Korea stood at 9.08 USD cent per normal cubic meter in May 2023, showing a marginal decline of 0.66% from the previous month. Examining the year-long performance, the on-site cash cost of Oxygen in South Korea has increased by 5% when compared to May 2022. As of May 2023, the off-site cash cost for Oxygen in South Korea was recorded at 6.59 USD cent per normal cubic meter, reflecting a slight decrease of 0.45% from April 2023. Throughout the past year, the off-site cash cost of Oxygen in South Korea has risen by 8% relative to the same period in 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.