Northwest Europe ammonia to hydrogen production costs back below €10/mt, lowest since June – ICIS.
The ICIS Northwest Europe ammonia-to-hydrogen assessment fell back below the €10/kg mark during week 50 and came close to setting the lowest price in almost six months as the slowdown heading into the Christmas Period weighed on contracts.
The ammonia-to-hydrogen northwest Europe assessment came in at €9.77/kg on 15 December, falling back below the €10/kg mark in the process and recording the lowest assessment since late June.
The premium held over domestic gas-based hydrogen production methods narrowed on a weekly basis as a result. Both front-month based on unabated SMR and low carbon ATR hydrogen production were €0.81-1.89/kg lower cost compared with imported ammonia-for-hydrogen.
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AMMONIA MARKET
Buying from Europe for winter and even later months in 2023 has been active in the previous week, suggesting a slowdown could be coming in the run-up to upcoming holidays in the region, and in reaction to an uptick in prices at the end of the previous week.
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Northwest Europe ammonia-to-hydrogen production costs back below €10/mt, lowest since June, London, December 16, 2022
