Praxair Announces Increases for Gas Prices and Facility Fees, and Argon Demand Charge
Praxair, Inc. is notifying industrial, medical and specialty-gas customers in the U.S. of the following price and facility fee increases, effective immediately, except as otherwise permitted by the terms and conditions of customer contracts:
- 10% to 20% for nitrogen, oxygen, argon, hydrogen, and carbon dioxide
- 15% to 30% for helium
- Up to 15% for facility fees and cylinder rental rates
According to the company, these actions are being implemented in response to high capacity utilization as well as continued energy, logistics and other operational cost pressures for all products. In certain instances, price adjustments may be higher or lower than these ranges.
In addition, Praxair is implementing an argon demand charge in response to a shift in the dynamics that impact the availability and cost of argon. Argon is a by-product of oxygen production, driven primarily by demand from the steel and chemical industries. Growth in demand for argon has outpaced by-product supply.
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