Nitrogen Cost in India
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, India, contract price, exw, formula
- cash cost, on-site: Nitrogen, India, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Nitrogen, India, cash cost, formula, off-site (large supplier)
In June 2023, the contract price on an ex-works basis for Nitrogen Gas in India reached 5.69 USD cent per normal cubic meter, representing a slight increase of 0.28% compared to May 2023. When looking at the broader 12-month trend, Nitrogen Gas contract prices in India have declined by 5% from June 2022 to June 2023. As of June 2023, the on-site cash cost for Nitrogen Gas in India was assessed at 3.94 USD cent per normal cubic meter, showing a modest rise of 0.86% from the previous month. Across the full year period, the on-site cash cost for Nitrogen Gas in India decreased by 3% year-over-year. The off-site cash cost for Nitrogen Gas supplied by large suppliers in India was 3.64 USD cent per normal cubic meter in June 2023, reflecting a marginal change of 0.27% from May 2023. Over the 12-month period, the off-site cash cost for Nitrogen Gas in India has experienced a 3% reduction compared to the same month in the previous year.
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.