80 likes | 92 Views
In North America, the prices of Hydrogen were surging during the fourth quarter of 2021, backed by high upstream cost. Hydrogen is mainly produced through steam methane refining process in the US, and the prime source of methane there is natural gas. Since the prices of natural gas was inclining, the price value of methane soared, eventually contributing towards price hike of Hydrogen.<br><br>https://www.chemanalyst.com/Pricing-data/hydrogen-1165
E N D
Hydrogen Price Trend and Forecast In North America, the prices of Hydrogen were surging during the fourth quarter of 2021, backed by high upstream cost. Hydrogen is mainly produced through steam methane refining process in the US, and the prime source of methane there is natural gas. Since the prices of natural gas was inclining, the price value of methane soared, eventually contributing towards price hike of Hydrogen. Furthermore, the strong demand from the market also supported the upward trajectory of Hydrogen price. Furthermore, demand fundamentals for the product remained overall stable throughout the quarter, while inflationary pressure kept on concerning the manufacturers. https://www.chemanalyst.com/Pricing-data/hydrogen-1165
Hydrogen Supply in Global market European market witnessed an upsurge in the prices of hydrogen during the last quarter of fiscal year 2021, backed by rising gas prices and weak supply. The Hydrogen Supply soared in Europe, owing to higher upstream costs caused by amplifying prices of gas and power. Furthermore, supply was not corresponding with the demand of hydrogen, and hence giving rise to its price value. In addition, sudden economic recovery amid delayed imports from Russia remained a prime factor behind steep price escalation of several commodities including Hydrogen across European market. https://www.chemanalyst.com/Pricing-data/hydrogen-1165
European market witnessed an upsurge in the prices of hydrogen during the last quarter of fiscal year 2021 European market witnessed an upsurge in the prices of hydrogen during the last quarter of fiscal year 2021, backed by rising gas prices and weak supply. The prices of hydrogen soared in Europe, owing to higher upstream costs caused by amplifying prices of gas and power. The prices of hydrogen were accelerating in the Asian market during Q4 FY21, owing to intensified natural gas prices. Natural gas price hike eventually leads to the higher upstream cost to produce hydrogen, and hence augmenting the price value of hydrogen
Contact Us: ChemAnalyst Contact No:- +1 3322586602 E-Mail:- sales@chemanalyst.com websites:- www.chemanalyst.com