[SMM Hydrogen Cost] 20260616

Published: Jun 17, 2026 11:02

I. Coal-to-Hydrogen

For Shandong anthracite, the transaction range was [1,830-1,930] and the average hydrogen cost was 1.8 yuan/m³.

For Shanxi anthracite, the transaction range was [1,040-1,120] and the average hydrogen cost was 1.22 yuan/m³.

For Hebei anthracite, the transaction range was [1,520-1,600] and the average hydrogen cost was 1.62 yuan/m³.

For Henan anthracite, the transaction range was [1,130-1,230] and the average hydrogen cost was 1.32 yuan/m³.

II. Natural Gas-to-Hydrogen

For Pearl River Delta natural gas, the transaction range was [6,600-6,620] and the average hydrogen cost was 3.04 yuan/m³.

For Zhejiang natural gas, the transaction range was [6,520-6,800] and the average hydrogen cost was 3.04 yuan/m³.

For Guangxi natural gas, the transaction range was [6,560-6,890] and the average hydrogen cost was 3.04 yuan/m³.

For eastern Guangdong natural gas, the transaction range was [6,600-6,620] and the average hydrogen cost was 3.01 yuan/m³.

For Henan natural gas, the transaction range was [6,260-6,470] and the average hydrogen cost was 2.95 yuan/m³.

For Hebei natural gas, the transaction range was [6,210-6,595] and the average hydrogen cost was 2.94 yuan/m³.

For Hubei natural gas, the transaction range was [6,540-6,900] and the average hydrogen cost was 3.08 yuan/m³.

For Guizhou natural gas, the transaction range was [6,650-6,990] and the average hydrogen cost was 3.11 yuan/m³.

For Sichuan natural gas, the transaction range was [6,560-6,825] and the average hydrogen cost was 3.08 yuan/m³.

For Shanxi natural gas, the transaction range was [6,220-6,330] and the average hydrogen cost was 2.86 yuan/m³.

For Shandong natural gas, the transaction range was [6,345-6,610] and the average hydrogen cost was 2.99 yuan/m³.

For Heilongjiang natural gas, the transaction range was [6,170-6,440] and the average hydrogen cost was 2.89 yuan/m³.

For Inner Mongolia natural gas, the transaction range was [6,340-6,580] and the average hydrogen cost was 2.91 yuan/m³.

III. Propane-to-Hydrogen

For South China propylene oxide, the transaction range was [6,610-6,610] and the average hydrogen cost was 3.75 yuan/m³.

For east China propylene oxide, the transaction range was [6,330-6,600] and the average hydrogen cost was 3.68 yuan/m³.

For Northeast China propylene oxide, the transaction range was [5,890-6,300] and the average hydrogen cost was 3.49 yuan/m³.

For Shandong propylene oxide, the transaction range was [6,130-6,530] and the average hydrogen cost was 3.63 yuan/m³.

IV. Methanol-to-Hydrogen

For east China methanol, the transaction range was [2,920-3,230] and the average hydrogen cost was 2.63 yuan/m³.

For central China methanol, the transaction range was [2,820-3,190] and the average hydrogen cost was 2.62 yuan/m³.

For north China methanol, the transaction range was [2,800-2,880] and the average hydrogen cost was 2.44 yuan/m³.

For south China methanol, the transaction range was [3,230-3,250] and the average hydrogen cost was 2.73 yuan/m³.

For northwest China methanol, the transaction range was [2,600-2,830] and the average hydrogen cost was 2.35 yuan/m³.

For southwest China methanol, the transaction range was [2,960-2,980] and the average hydrogen cost was 2.6 yuan/m³.

For northeast China methanol, the transaction range was [3,030-3,040] and the average hydrogen cost was 2.6 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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[SMM Hydrogen Cost] 20260616 - Shanghai Metals Market (SMM)