Nitrogen Cost in Philippines
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, Philippines, contract price, exw, formula
- cash cost, on-site: Nitrogen, Philippines, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Nitrogen, Philippines, cash cost, formula, off-site (large supplier)
In Jun 2023, the contract price on an ex-works basis for Nitrogen Gas in Philippines reached 7.27 USD cent per normal cubic meter, representing an 18% decrease compared to May 2023. Looking at the broader trend, Nitrogen Gas prices in Philippines have declined by 20% over the twelve-month period from Jun 2022 to Jun 2023. The on-site cash cost for Nitrogen Gas in Philippines stood at 5.42 USD cent per normal cubic meter in Jun 2023, down 22% from the previous month of May 2023. Throughout the past year, the on-site cash cost of Nitrogen Gas in Philippines has experienced a cumulative decline of 23%. As of Jun 2023, the off-site cash cost for Nitrogen Gas in Philippines was assessed at 5.16 USD cent per normal cubic meter, reflecting a 23% decrease from May 2023. Over the twelve-month period, the off-site cash cost of Nitrogen Gas in Philippines has shown a cumulative reduction of 23%.
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
Nitrogen is one of 10 industrial utilities priced monthly — reference data for cost analysis, project evaluation, and competitiveness studies
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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.