Nitrogen Cost in Belgium
The chart above illustrates Nitrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from Jun 2022 through Jun 2023, as described below:
- contract price, exw: Nitrogen, Belgium, contract price, exw, formula
- cash cost, on-site: Nitrogen, Belgium, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Nitrogen, Belgium, cash cost, formula, off-site (large supplier)
In June 2023, the contract price on an ex-works basis for Nitrogen Gas in Belgium reached 12.40 USD cent per normal cubic meter, representing a 3.25% increase compared to May 2023. When looking at the broader 12-month period, Nitrogen Gas contract prices in Belgium have declined by 13.29%. As of June 2023, the on-site cash cost for Nitrogen Gas in Belgium stood at 10.70 USD cent per normal cubic meter, up 7.33% from the previous month. Looking back over the past year, on-site production costs for Nitrogen Gas in Belgium have decreased by 15.08%. The off-site cash cost for Nitrogen Gas in Belgium in June 2023 was 8.29 USD cent per normal cubic meter, showing a 9.65% increase from May 2023. Over the 12-month period, off-site supply costs for Nitrogen Gas in Belgium have fallen by 12.11%.
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 Nitrogen
Nitrogen, as a utility, is primarily used for inerting and blanketing in process industries. It prevents oxidation, reduces fire and explosion risks, and preserves product quality by displacing oxygen and moisture in sensitive environments.