Nitrogen Cost in Finland
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, Finland, contract price, exw, formula
- cash cost, on-site: Nitrogen, Finland, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Nitrogen, Finland, cash cost, formula, off-site (large supplier)
In June 2023, the contract price for Nitrogen Gas delivered ex-works in Finland stood at 9.53 USD cent per normal cubic meter, representing a marginal increase of 0.14% compared to May 2023. When measured against June 2022 levels, contract prices for Nitrogen Gas in Finland have declined by 30% over the twelve-month period. As of June 2023, the on-site cash cost for Nitrogen Gas production in Finland reached 7.56 USD cent per normal cubic meter, showing a slight rise of 0.53% from the previous month. Year-over-year comparison reveals that on-site production costs for Nitrogen Gas in Finland have decreased by 31% since June 2022. The off-site cash cost for Nitrogen Gas supplied by large producers in Finland was assessed at 5.27 USD cent per normal cubic meter in June 2023, marking a 0.76% increase from May 2023. Over the past year, off-site supply costs for Nitrogen Gas in Finland have fallen by 36% relative to June 2022 levels.
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.