Air Liquide’s 200 MW Normand’Hy green hydrogen plant at Port‑Jérôme is set to start producing hydrogen in the coming weeks, adding 28,000 t per year to European supply. The ramp‑up will support refineries and regional industrial demand, likely easing market pressure on hydrogen prices.
Air Liquide reports weaker chemical‑sector demand in Europe, citing lower hydrogen sales. The decline in demand may ease hydrogen prices as supply remains relatively unchanged.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Hydrogen | China | FOB | USD 4.15/KG | October 2026 |
| Hydrogen | India | FOB | USD 4.50/KG | October 2026 |
| Hydrogen | China | FOB | USD 4.15/KG | September 2026 |
| Hydrogen | India | FOB | USD 4.50/KG | September 2026 |
Stay updated with the latest Hydrogen prices, historical data, and tailored regional analysis
Asia
In China, the average price of Hydrogen edged up from ~USD 4.13/KG (FOB) in July to ~USD 4.15/KG in August, showing a slight increase. In India, the average price held steady at approximately USD 4.50/KG (FOB) in both months. Overall, the Asian market followed a stable to slightly firmer trend. In China, natural gas and coal costs rose from August to September, lifting grey hydrogen production costs in key provinces such as Shandong and Hebei. Green hydrogen prices stayed flat, so the gap between green and grey narrowed mainly because grey costs rose rather than renewable costs falling. Delivered green hydrogen remained expensive, as long-distance tube-trailer transport added significant costs.
Europe
In Germany, hydrogen averaged approximately USD 7.61/KG (FOB) in July and eased to about USD 7.32/KG in August, a decline of ~3.8%. Overall, European prices followed a volatile trend, shaped by gas and power markets. Grey hydrogen costs climbed in July as natural gas rose on Middle East escalation, Norwegian maintenance and heat-related power demand, and stayed high into August amid uncertainty over the Strait of Hormuz. Green hydrogen costs, which depend on electricity prices, eased in late July as stronger wind output lowered power costs, before moving higher again by September.
North America
In the USA, the average price of hydrogen remained steady at approximately USD 5.80/KG (FOB) in July and August, while Canada held at around USD 6.80/KG (FOB). Overall, North American prices followed a stable trend. Low natural gas prices kept steam methane reforming costs down, and energy cost pass-through in regional supply contracts declined. Industrial hydrogen volumes rose about 7% on refinery and chemical demand, though the cancellation of major planned low-carbon projects reduced expected future supply.
Analyst Insight
According to Procurement Resource, hydrogen prices are expected to stay broadly stable, with higher gas costs in Asia and Europe offset by low North American feedstock costs and steady industrial demand.
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Asia
In China, the monthly average Hydrogen price was ~RMB 24.32/kg in April and ~RMB 24.60/kg in the subsequent month, showing an increase of ~1.1%. Prices edged higher due to stable industrial demand from refining and chemical sectors, while production remained relatively balanced with limited supply disruptions. Meanwhile, in India, the monthly average Hydrogen price was ~INR 283.77/kg in April and ~INR 333.29/kg in the subsequent month, showing an increase of ~17.4%. Prices increased sharply due to higher production costs and tighter availability from industrial gas suppliers, while demand from refining and fertilizer-linked applications remained steady, supporting higher realizations.
Europe
In Germany, the monthly average Hydrogen price was ~EUR 4.40/kg in April and ~EUR 8.45/kg in the subsequent month. Prices surged due to elevated electricity and natural gas input costs impacting hydrogen production economics, alongside constrained output from industrial gas facilities, which reduced spot availability across the region.
North America
In Canada, the monthly average Hydrogen price was ~CAD 9.22/kg in April and ~CAD 9.93/kg in the subsequent month, showing an increase of ~7.7%, reflecting relatively stable supply conditions with moderate cost increases. Prices rose sharply due to supply tightness in industrial hydrogen networks and higher operating costs for production facilities, while steady demand from refining and chemical processing supported elevated procurement levels.
Analyst Insight
According to Procurement Resource, hydrogen prices are expected to remain elevated with high regional volatility, driven mainly by energy cost sensitivity and supply constraints rather than changes in downstream consumption.
Hydrogen is the first element of the periodic table (with the symbol H) and is the most abundant chemical substance in the universe. Hydrogen exists as a gas composed of diatomic molecules with the molecular formula H2.
Hydrogen is a flammable, colorless, and odorless gas, an energy carrier used to store and deliver energy produced from other sources. Hydrogen gas is a clean fuel produced from various sources like natural gas, biomass, solar, and wind energy. Owing to these versatile properties, it is a highly attractive fuel option than fossil ones.
H2
Fuel Cells, Welding, Antioxidant, Chemical Substrate, Batteries, Oil Refining, Steel Production
Dihydrogen, Hydrogen gas
Messer Group, The Linde Group, Hydrogenics, Air Liquide
CurrencyUS$ (Data can also be provided in local currency)
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the process of electrolysis, electricity is used to split water into Hydrogen and oxygen. The reaction occurs in an electrolyzer containing anode and cathode separated by a polymer membrane. Water reacts at the anode, forming oxygen and hydrogen ions. The hydrogen ions move across the polymer membrane to the cathode, and the electrons flow through the external circuit. At the cathode, the hydrogen ions combine with electrons to produce hydrogen gas.
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