LONDON (ICIS)–The ICIS Northwest Europe ammonia-to-hydrogen assessment rose by more than 10% on a weekly basis heading towards October, with the price boosted by a bullish ammonia market at the end of September.
The ammonia-to-hydrogen assessment increased by €0.60/kg week on week to be assessed at €5.65/kg on 28 September, the highest valuation for the contract since early March, ICIS data showed.
The ammonia-to-hydrogen assessment reflects the cost of importing fossil-based ammonia to northwest Europe and then decomposing that ammonia into hydrogen. The ammonia price referenced is the ICIS CFR Northwest Europe Duty Unpaid assessment, published every working Thursday.
Published by: www.icis.com
Gary Hornby
29-Sep-2023
