Northwest Europe ammonia to hydrogen production costs fall below €10/kg of hydrogen – ICIS.
The ICIS Northwest Europe ammonia-to-hydrogen assessment continued to fall in value on the back of demand for ammonia remaining weak, dropping back below the €10/kg mark for the first time since late June.
The ICIS Northwest Europe ammonia-to-hydrogen assessment fell by a further €0.07/kg to €9.99/kg, now over €2.50/kg lower than the assessment from early October and narrowing its premium to Dutch low-carbon hydrogen production costs .
AMMONIA MARKET
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Ammonia prices remain under pressure as supply outweighs demand on a global scale.
East of Suez, demand is flat and ammonia producers and consumers are not expecting to see any shift in the balance of the market moving through December. January remains a question mark in terms of demand, but a number of sources are bearish about the outlook for early 2023, owing to poor economics for downstream markets, including nylon and acrylonitrile.
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Northwest Europe ammonia-to-hydrogen production costs fall below €10/kg of hydrogen, London, November 25, 2022
