[SMM Hydrogen Cost Daily Review] 20250321 - Shanghai Metals Market (SMM)

I. Coal-to-Hydrogen
Shandong coke trading range [1,190-1,200], average hydrogen cost was [1.24 yuan/m³]
Hebei coke trading range [1,260-1,310], average hydrogen cost was [1.30 yuan/m³]
Shanxi coke trading range [1,360-1,580], average hydrogen cost was [1.40 yuan/m³]
Henan coke trading range [1,380-1,410], average hydrogen cost was [1.39 yuan/m³]

II. Natural Gas-to-Hydrogen
Guangdong Eastern natural gas trading range [4,910-4,910], average hydrogen cost was [2.32 yuan/m³]
Guangxi natural gas trading range [4,690-4,910], average hydrogen cost was [2.25 yuan/m³]
Shanxi natural gas trading range [4,220-4,580], average hydrogen cost was [2.10 yuan/m³]
Hebei natural gas trading range [4,372-4,685], increased by 0.39%, average hydrogen cost was [2.18 yuan/m³]
Shandong natural gas trading range [4,580-4,790], increased by 0.32%, average hydrogen cost was [2.26 yuan/m³]
Pearl River Delta natural gas trading range [4,890-4,920], average hydrogen cost was [2.34 yuan/m³]
Hubei natural gas trading range [4,530-4,980], increased by 0.74%, average hydrogen cost was [2.27 yuan/m³]
Henan natural gas trading range [4,590-4,840], average hydrogen cost was [2.27 yuan/m³]
Guizhou natural gas trading range [4,530-4,720], increased by 1.2%, average hydrogen cost was [2.21 yuan/m³]
Sichuan natural gas trading range [4,450-4,620], increased by 0.55%, average hydrogen cost was [2.20 yuan/m³]
Zhejiang natural gas trading range [4,640-4,970], decreased by 1.33%, average hydrogen cost was [2.28 yuan/m³]
Inner Mongolia natural gas trading range [4,220-4,600], average hydrogen cost was [2.07 yuan/m³]
Heilongjiang natural gas trading range [4,690-4,890], average hydrogen cost was [2.06 yuan/m³]

III. Propane-to-Hydrogen
North-east China propylene oxide trading range [7,820-7,870], average hydrogen cost was [4.36 yuan/m³]
East China propylene oxide trading range [7,840-7,860], average hydrogen cost was [4.37 yuan/m³]
Shandong propylene oxide trading range [7,660-7,720], average hydrogen cost was [4.30 yuan/m³]
South China propylene oxide trading range [8,300-8,390], average hydrogen cost was [4.61 yuan/m³]

IV. Methanol-to-Hydrogen
North-east China methanol trading range [2,610-2,630], increased by 1.35%, average hydrogen cost was [2.33 yuan/m³]
East China methanol trading range [2,500-2,760], increased by 1.54%, average hydrogen cost was [2.34 yuan/m³]
Central China methanol trading range [2,470-2,640], increased by 0.99%, average hydrogen cost was [2.33 yuan/m³]
North China methanol trading range [2,350-2,460], decreased by 0.62%, average hydrogen cost was [2.17 yuan/m³]
South China methanol trading range [2,680-2,720], increased by 0.93%, average hydrogen cost was [2.38 yuan/m³]
North-west China methanol trading range [1,700-2,310], average hydrogen cost was [1.82 yuan/m³]
South-west China methanol trading range [2,390-2,710], decreased by 0.39%, average hydrogen cost was [2.29 yuan/m³]