[SMM Hydrogen Cost] 20260624

Published: Jun 24, 2026 10:15

1. Coal to Hydrogen

Shandong anthracite transaction range [1,930-1,930], average hydrogen cost is [1.77 yuan/m³]

Shanxi anthracite transaction range [1,120-1,180], average hydrogen cost is [1.27 yuan/m³]

Hebei anthracite transaction range [1,600-1,600], average hydrogen cost is [1.66 yuan/m³]

Henan anthracite transaction range [1,230-1,230], average hydrogen cost is [1.32 yuan/m³]

2. Hydrogen from Natural Gas

Pearl River Delta natural gas transaction range [6,600-6,620], average hydrogen cost is [3.04 yuan/m³]

Zhejiang natural gas transaction range [6,520-6,800], average hydrogen cost is [3.04 yuan/m³]

Guangxi natural gas transaction range [6,560-6,890], average hydrogen cost is [3.04 yuan/m³]

East Guangdong natural gas transaction range [6,600-6,620], average hydrogen cost is [3.01 yuan/m³]

Henan natural gas transaction range [6,190-6,390], average hydrogen cost is [2.92 yuan/m³]

Hebei natural gas transaction range [6,080-6,605], average hydrogen cost is [2.92 yuan/m³]

Hubei natural gas transaction range [6,460-6,710], average hydrogen cost is [3.02 yuan/m³]

Guizhou natural gas transaction range [6,440-6,680], average hydrogen cost is [3 yuan/m³]

Sichuan natural gas transaction range [6,425-6,735], average hydrogen cost is [3.03 yuan/m³]

Shanxi natural gas transaction range [6,100-6,280], average hydrogen cost is [2.83 yuan/m³]

Shandong natural gas transaction range [6,175-6,440], average hydrogen cost is [2.92 yuan/m³]

Heilongjiang natural gas transaction range [6,380-6,690], average hydrogen cost is [2.99 yuan/m³]

Inner Mongolia natural gas transaction range [6,180-6,490], average hydrogen cost is [2.85 yuan/m³]

3. Hydrogen from Propane

South China propylene oxide transaction range [5,910-5,910], average hydrogen cost is [3.4 yuan/m³]

East China propylene oxide transaction range [5,420-6,020], average hydrogen cost is [3.31 yuan/m³]

Northeast China propylene oxide transaction range [5,170-5,580], average hydrogen cost is [3.14 yuan/m³]

Shandong propylene oxide transaction range [5,580-5,610], average hydrogen cost is [3.26 yuan/m³]

4. Hydrogen from Methanol

East China methanol transaction range [2,730-3,040], average hydrogen cost is [2.51 yuan/m³]

Central China methanol transaction range [2,670-3,090], average hydrogen cost is [2.54 yuan/m³]

North China methanol transaction range [2,580-2,790], average hydrogen cost is [2.35 yuan/m³]

South China methanol transaction range [2,980-3,130], average hydrogen cost is [2.61 yuan/m³]

Northwest China methanol transaction range [2,110-2,770], average hydrogen cost is [2.17 yuan/m³]

Southwest China methanol transaction range [2,870-3,180], average hydrogen cost is [2.63 yuan/m³]

Northeast China methanol transaction range [2,930-2,970], average hydrogen cost is [2.55 yuan/m³]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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