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In North America, the Hydrogen Price 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 prices.
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Hydrogen Price Trend and Forecast In North America, the Hydrogen price 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 prices. 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
The prices of hydrogen were accelerating in the Asian market during Q4 FY21 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. Furthermore, newly introduced trade restrictions and higher freight charges also supported the surge in the prices of Hydrogen. In addition, strong demand was another important factor contributing towards the rising price value of hydrogen. The prices of hydrogen in Indian market were assessed to be at USD 472/MT Ex-Mumbai in the concluding month of the year. https://www.chemanalyst.com/Pricing-data/hydrogen-1165
Demand of Hydrogen price In USA online European market witnessed an upsurge in the Demand of hydrogen during the last quarter of fiscal year 2021, backed by rising gas prices and weak supply. Asian Hydrogen demand was high in the third quarter of 2021.Increasing demand for natural gas from the domestic as well as international markets amidst trade disruptions
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