Throughout February, the prices of hydrogen in the Indian market have remained rangebound with a slight variation on the positive side. This development was due to no significant change in the prices of natural gas as per monthly data released by the Indian Government the Domestic Natural gas price for the period March x to March xx was notified as $x.xx per MMBTU on Gross Calorific Value (GCV) basis. Furthermore, the government has set ceiling to the prices at $x.xx/MMBTU on GCV for the same period on gas produced by ONGC/Oil at their nomination fields.
Asian ammonia market, a key hydrogen carrier, is facing downward pressure in most regions due to ample supply and subdued demand. India&#xx;s delayed urea tender announcement triggered a sell-off in the U.S. market, driving February ammonia prices to $xxx/st FOB NOLA, reflecting a sharp decline from the previous week. This global ammonia...
