In the final week of April xxxx, Hydrogen prices in India declined by around xx. The price correction was primarily driven by high supply in the market, as steady domestic production combined with consistent imports from China and other Asian countries outpaced current downstream requirements. Despite elevated natural gas costs—producers operated at high capacity, while fertilizer and ammonia sector demand remained strong yet insufficient to absorb the surplus. With inventories building and logistical constraints easing, the market saw limited urgency in procurement, leading to the observed decline. Hydrogen prices are expected to remain under pressure unless supply tightens, downstream offtake increases significantly.
Hydrogen production in India continued steadily, with manufacturers running at high capacity to meet growing downstream requirements. The maximum price for native natural gas was set at USD x.xx/MMBTU for April xxxx, with an APM ceiling of USD x.xx/MMBTU...
