Hydrogen Prices Trend and Forecast

In the North American market, Hydrogen Price witnessed an up-swinging trend during the third quarter of 2022 amidst the rise in demand for fuel production in the domestic market. Hydrogen prices have risen due to rising energy costs. Hydrogen appears to be sensitive to the inflationary pressures other energy sources have recently faced. Furthermore, as natural gas and oil prices rose, so did the demand for Hydrogen, resulting in high domestic prices as an alternative energy source. Fertilizer demand remained high in the US market, driving up Hydrogen prices. As the demand for green fuel increased, domestic hydrogen production remained constant. The operational rate of hydrogen production from natural gas increased overall costs. Thus, the Hydrogen (PEM Electrolysis) prices for FOB California (USA) settled at USD 7060/MT.nnFor more informationnE-Mail:- sales@chemanalyst.comnwebsites:- https://www.chemanalyst.com/Pricing-data/hydrogen-1165nContact No:- +13322586602n