Hydrogen Cost in China
The chart above illustrates Hydrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Hydrogen, China, contract price, exw, formula
- cash cost, on-site: Hydrogen, China, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, China, cash cost, formula, off-site (large supplier)
Hydrogen contract prices at ex-works terms in China reached 21.5 USD cent per normal cubic meter in May 2023, representing a 6.52% decrease compared to April 2023. Throughout the twelve-month period, Hydrogen contract prices at ex-works terms in China experienced an overall decline of 6%. The on-site cash production cost for Hydrogen in China stood at 12 USD cent per normal cubic meter in May 2023, down 7.69% from the previous month. During the past year, on-site Hydrogen production costs in China showed a cumulative decrease of 5%. The off-site cash supply cost for Hydrogen in China was 10.8 USD cent per normal cubic meter in May 2023, marking a 7.69% reduction from April 2023. Over the preceding twelve months, off-site Hydrogen supply costs in China declined by 5% in total.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
Other Utility Costs
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About Hydrogen
Hydrogen is a vital utility in process industries, especially in refining and chemical manufacturing. It is used in hydrogenation reactions, hydrocracking, and as a reducing agent, playing a key role in producing cleaner fuels and specialty chemicals.