Material Insights · Understanding the Material World

Nitrogen gas: Trading

Contracts that pass the power bill straight through

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

Who buys, and where

  • On-site supply contracts at chemical, refining and electronics sites
  • Liquid deliveries for food, pharma and metals
  • Self-generation with PSA or membranes

Who sells, and from where

  • Industrial gas majors and regional distributors
  • PSA equipment makers sell generators rather than gas

Price benchmarks

BenchmarkPublisherBasis
No public benchmark; Intratec country contract pricesIntratecmonthly modelled contract price

Contract types

  • 15-20 year on-site contracts with take-or-pay
  • Bulk liquid supply contracts
  • Cylinder supply
  • Equipment sale or lease of PSA units

Traders and distributors

  • None of note

How Indian buyers price it

  • Supplier contract and list prices with power pass-through; many users self-generate with PSA

Recent price points

DatePriceBasisSource
June 20235.69 US cents per Nm3 (about $45/t)contract, ex-works, IndiaIntratec

Good sources to follow

gasworldfreemium newsletter · industrial gases trade publisher

industrial gas markets and company news

Intratec industrial gas pricespaid research site · Intratec

country contract prices and costs for nitrogen

Thunder Said Energyfreemium research site · energy transition research firm

air separation economics