Key Highlights
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US industrial oxygen prices rose moderately in December ****.
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Stronger demand from healthcare and semiconductor sectors supported pricing.
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Elevated energy and gas input costs added production cost pressures.
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Steel demand softness did not significantly dampen overall oxygen pricing.
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Year-end restocking and logistics considerations bolstered short-term purchases.
US industrial oxygen prices rose moderately in December ****, despite end users’ steel demand of the traditional manufacturing industries, were low. Industrial oxygen is also used in steel production and health care. Unlike China, where oxygen prices rose amid weak downstream steel demand, the US market was more resilient as diverse demand sources and supply-side tightness kept the momentum of rising prices.
Multiple factors converged to push up oxygen prices in the US For one, varied demand for end products in the United States, mainly from healthcare, semiconductor, chemical and metal fabrication industries, bolstered prices. Unlike...
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