Nitrogen Cost in Hungary
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, Hungary, contract price, exw, formula
- cash cost, on-site: Nitrogen, Hungary, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Nitrogen, Hungary, cash cost, formula, off-site (large supplier)
In June 2023, the contract price on an ex-works basis for Nitrogen Gas in Hungary stood at 13.40 USD cent per normal cubic meter, representing a slight increase of 0.75% compared to May 2023. When examining the 12-month period from June 2022 to June 2023, Nitrogen Gas prices in Hungary showed a modest cumulative increase of 5%. As of June 2023, the on-site cash cost for Nitrogen Gas in Hungary was assessed at 10.90 USD cent per normal cubic meter, reflecting a 2.83% rise from the previous month. Throughout the 12-month span ending in June 2023, Nitrogen Gas costs in Hungary experienced a cumulative increase of 13%. In June 2023, the off-site cash cost for Nitrogen Gas in Hungary was valued at 10.10 USD cent per normal cubic meter, marking a 3.06% increase from April 2023. Over the preceding 12 months, Nitrogen Gas costs in Hungary demonstrated a cumulative increase of 14%. In June 2023, the contract price on an ex-works basis for Nitrogen Gas in Hungary stood at 13.40 USD cent per normal cubic meter, representing a slight increase of 0.75% compared to May 2023. When examining the 12-month period from June 2022 to June 2023, Nitrogen Gas prices in Hungary showed a modest cumulative increase of 5%.
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.