After Praxair, now Air Products is planning to implement the price hike for liquid & helium gases in Northern America region. Rising raw materials cost & supply demands discrepancy are considered as the major reason for sudden price rise. Air Products sources confirmed about the communication to the customers regarding the price rise specific in Northern hemisphere.
It’s quite impossible to analyze any other reasons behind this price hike. But in case of Helium, there are certain parameters which play a crucial role in setting the pricing. Helium observes the significant shortfall in the supply along with rising demands. Increasing demands forced to bring flexibility in the pricing to meet the global requirements as standard price.
Further rises are unpredictable; things are yet to get materialized on table since these are economic concerns also.
Courtesy: AP, Image Source: www.airproducts.com/