| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Hydrogen | China | FOB | USD 3.62/KG | May 2026 |
| Hydrogen | India | FOB | USD 3.50/KG | May 2026 |
| Hydrogen | USA | FOB | USD 6.00/KG | May 2026 |
| Hydrogen | Germany | FOB | USD 7.21/KG | May 2026 |
| Hydrogen | Canada | FOB | USD 7.00/KG | May 2026 |
| Hydrogen | China | FOB | USD 3.58/KG | April 2026 |
| Hydrogen | India | FOB | USD 2.98/KG | April 2026 |
| Hydrogen | USA | FOB | USD 5.00/KG | April 2026 |
| Hydrogen | Germany | FOB | USD 5.03/KG | April 2026 |
| Hydrogen | Canada | FOB | USD 6.50/KG | April 2026 |
Stay updated with the latest Hydrogen prices, historical data, and tailored regional analysis
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.
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Asia
In Q1’26, the hydrogen price curve showed regional variations in the Asian subcontinent. In India, tender-based competition drove production costs to lows in Q1, while waivers on transmission charges and production-linked incentives supported further declines in prices. Short-term offtake demand was stabilized by the demand tied to refineries, as demonstrated by a tender to supply to an Indian refinery in the northeastern part of the country, which attracted nine bids from producers. Grey hydrogen retained its pricing edge, thus limiting the penetration of green hydrogen to only channels mandated by the government. Meanwhile, China moved to combine direct financial support for hydrogen production with draft consumption mandates for industrial and transport sectors, signaling a more aggressive demand-side push.
Europe
Hydrogen markets in Europe faced challenges due to low demand and failure to meet their policy objectives during Q1. Security concerns emerged regarding potential imports from the Middle East, which involved export hubs along the Red Sea coast. The idea of relaxing regulations on aircraft fuel was gaining traction amid a weak regulatory push. High natural gas prices contributed to increased grey hydrogen production costs.
North America
The hydrogen market in North America continued to be dominated by grey hydrogen economics during Q1, as prices were responsive to changes in the natural gas price due to wider geopolitical issues. Investments for clean hydrogen were conservative, considering the uncertain environment amid the US-Iran war disruptions.
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)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
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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