Hydrogen Price Trend and Forecast

North America

In the North American market, Hydrogen prices witnessed a declining trend throughout the fourth quarter of 2022 due to fluctuating natural gas prices. Production levels remain firm in the USA as the demand for green Hydrogen rose. The PEM electrolysis strategy has been more economical than natural gas production. Despite the falling costs of natural gas and oil, which caused high domestic market prices, Hydrogen use soared. The demand from fertilizer and food sectors remained stagnant in the market at the start of the quarter. Towards the quarter's end, the holiday and the occurrence of storm Elliot hampered the operational rate of Hydrogen in the domestic market. As a ripple effect, the Hydrogen (PEM Electrolysis) prices for FOB California (USA) settled at USD 6746/MT.

Asia Pacific

During the fourth quarter of 2022, Hydrogen gas prices followed the stagnant trend in the APAC market on downstream demand. The domestic market's fluctuations in natural gas prices had a proportionate effect on the cost of production. The Indian holiday season also caused a slowdown in consumption and production. The Indian government has set key goals for the production and consumption of green Hydrogen. India uses Hydrogen as its primary energy source, and in the middle of the quarter, the demand for Hydrogen in the global market was also rather low. Green Hydrogen would become economically competitive with natural gas-derived Hydrogen, claims the Indian government's paper, Harnessing Green Hydrogen as an Opportunities for Deep Decarbonization in India. Customers' modest demand for the product negatively impacted hydrogen pricing in the Indian market.

Europe

In the European market, Hydrogen prices witnessed a declining trend in the fourth quarter of 2022 due to fluctuating Natural Gas Prices. Hydrogen demand in the Netherlands market was modest in starting quarter and declined towards the quarter end. The Netherlands market witnessed a train strike towards the quarter end, hampering the demand-supply chain. The energy crisis affected nations in Europe. The producers could supply feedstock; therefore, there was not much demand from end users. The nation's need for oil and fertilizers remained high in the domestic market. Production rates remained steady throughout the quarter owing to stable volume offtakes from the downstream market. The amount of stock in the market stayed the same. In November, the supply forecast was not particularly favorable. Thus, the discussions of Hydrogen PEM (Inc. Capex) prices for DEL Rotterdam (Netherlands) settled at USD 20875MT.

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Comments

Post a Comment

Popular posts from this blog

Steel Plate Prices in the Global Market

Image
North America In the final quarter of 2022, the Steel Plate prices plunged in the US market owing to the limited inquiries from the downstream segment. In October, major manufacturers were curtailing production activity to fill the supply-demand gap. The Mississippi River's water level had dropped so low that barges had become stuck, resulting in costly dredging and traffic congestion. According to manufacturers, Steel Plate fell as the market remains concerned about logistics. As shippers cannot load as much weight on a barge at low water levels, barges became much more expensive, causing shipping delays. Towards the quarter's end, the inventory level dropped, and Steel Plate manufacturers started raising prices, anticipating a higher demand outlook before the Christmas holiday. Buyers had opted wait-and-watch outlook as the market slowed ahead of the holidays. Thus, Steel Plate (20 mm) prices for Ex Works Texas (USA) settled at USD 1605/MT. Asia Pacific In the Chinese ma
Read more

Levofloxacin Hemihydrate Prices Trend and Forecast

Image
North America Throughout the last quarter of 2022, the North American region, particularly the United States market, showed declining Levofloxacin Hemihydrate Prices . At the start of the fourth quarter, prices stayed relatively steady because demand inclined positively compared to the previous month. The different reasons that have affected the market for practically all commodities, including Levofloxacin Hemihydrate, are still closely monitored by market participants as fluctuating prices feared them for their losses. Until November, the prices held on the upper end due to lessening domestic market's overall supplies and healthy demand. With this, the price of Levofloxacin Hemihydrate was significantly demonstrated at USD 67220/MT CFR Los Angeles. After mod q-4 the prices of Levofloxacin Hemihydrate dropped considerably with the closure of the local market on account of New-year breaks.  Asia Pacific With the end of the Final Quarter of 2022, Levofloxacin Hemihydrate prices
Read more

Global Aluminium Sheet Prices Online

Image
North America Aluminium Sheet prices in the US market showed downward sentiment in the final quarter of 2022 due to lower end-user inventory levels amid bearish sentiment. According to manufacturers, transportation bottlenecks occurred in October caused by a lack of containers, shippers, and truck drivers, and long lead times at ports and other transportation hubs were the primary causes of this tightness. In mid-Q4, headwinds such as the US and LME's ban on Russian aluminium increased the price of an Aluminium sheet. However, during the Thanksgiving holiday, the price of aluminium ingots fell. According to some market participants, the benchmark aluminium premium for Russian and non-Russian aluminium continued to diverge, particularly in light of renewed market speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium producer in the United States, had warned investors that rising energy and raw material costs, as well as a drop in aluminium prices, were p
Read more