Air Products Raises Liquid And Bulk Industrial Gas Prices
Zacks Investment Research | Feb 03, 2020 09:55PM ET
Air Products and Chemicals, Inc. (NYSE:APD) is raising product pricing, surcharges and monthly service charges for merchant customers in North America. The price hike is effective Feb 1, 2020 or as contracts permit.
The pricing adjustment includes up to 15% hike in prices of liquid and bulk hydrogen. Prices of liquid argon will rise up to 20%. Liquid nitrogen and liquid oxygen prices will also increase up to 10%. Prices for liquid carbon dioxide and monthly service charges will also rise up to 10%.
Air Products also stated that certain price adjustments may be outside the above-mentioned ranges based on specific situations.
Air Products is making these price adjustments in response to higher sourcing, production and delivery costs as well as support sustained investments in security, reliability and safety.
The company’s shares have rallied 45.6% in the past year against the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.