Benzinga | Sep 20, 2021 03:53PM EDT

Air Products Reports 15-20% Price Increase For Its Liquid Nitrogen, Liquid Oxygen, Liquid Carbon Dioxide, Monthly Service Charges

Effective October 1, 2021, or as contracts permit, Air Products (NYSE:APD) will increase product pricing, monthly service charges, and surcharges for merchant customers in North America. The pricing adjustments include increases of:

* Up to 20% for liquid nitrogen and liquid oxygen

* Up to 15% for liquid carbon dioxide

* Up to 15% for monthly service charges

Some price adjustments may be outside of these ranges based on specific situations. Helium, hydrogen and argon prices will also be increased based on supply/demand and cost situations and may be customer specific.

These adjustments are in response to increases in sourcing, production, and delivery costs, and support continued investments in reliability, security, and safety.