SMM Hydrogen Cost Daily Review: 20250403 - Shanghai Metals Market (SMM)

1. Coal-to-Hydrogen
The transaction range of coke in Shandong was from 1,190 to 1,200, with the average hydrogen cost at 1.23 yuan/m³.
The transaction range of coke in Hebei was from 1,260 to 1,310, with the average hydrogen cost at 1.3 yuan/m³.
The transaction range of coke in Shanxi was from 1,360 to 1,580, with the average hydrogen cost at 1.41 yuan/m³.
The transaction range of coke in Henan was from 1,380 to 1,410, with the average hydrogen cost at 1.39 yuan/m³.

2. Natural Gas-to-Hydrogen
The transaction range of natural gas in Guangdong's eastern region was from 4,910 to 4,910, with the average hydrogen cost at 2.32 yuan/m³.
The transaction range of natural gas in Guangxi was from 4,800 to 5,100, with the average hydrogen cost at 2.32 yuan/m³.
The transaction range of natural gas in Shanxi was from 4,360 to 4,640, with the average hydrogen cost at 2.14 yuan/m³.
The transaction range of natural gas in Hebei was from 4,481 to 4,805, an increase of 0.43%, with the average hydrogen cost at 2.22 yuan/m³.
The transaction range of natural gas in Shandong was from 4,700 to 4,890, an increase of 0.74%, with the average hydrogen cost at 2.31 yuan/m³.
The transaction range of natural gas in the Pearl River Delta was from 4,890 to 4,920, with the average hydrogen cost at 2.11 yuan/m³.
The transaction range of natural gas in Hubei was from 4,860 to 5,080, with the average hydrogen cost at 2.1 yuan/m³.
The transaction range of natural gas in Henan was from 4,610 to 4,820, an increase of 1.51%, with the average hydrogen cost at 2.0 yuan/m³.
The transaction range of natural gas in Guizhou was from 4,710 to 4,940, an increase of 0.21%, with the average hydrogen cost at 2.08 yuan/m³.
The transaction range of natural gas in Sichuan was from 4,710 to 4,830, with the average hydrogen cost at 2.05 yuan/m³.
The transaction range of natural gas in Zhejiang was from 4,610 to 4,940, an increase of 0.32%, with the average hydrogen cost at 2.06 yuan/m³.
The transaction range of natural gas in Inner Mongolia was from 4,390 to 4,700, with the average hydrogen cost at 1.96 yuan/m³.
The transaction range of natural gas in Heilongjiang was from 4,670 to 4,870, with the average hydrogen cost at 2.05 yuan/m³.

3. Propane-to-Hydrogen
The transaction range of propylene oxide in north-east China was from 7,770 to 7,800, with the average hydrogen cost at 4.33 yuan/m³.
The transaction range of propylene oxide in east China was from 7,750 to 7,780, with the average hydrogen cost at 4.32 yuan/m³.
The transaction range of propylene oxide in Shandong was from 7,630 to 7,640, an increase of 0.13%, with the average hydrogen cost at 4.28 yuan/m³.
The transaction range of propylene oxide in south China was from 8,210 to 8,300, a decrease of 1.08%, with the average hydrogen cost at 4.61 yuan/m³.

4. Methanol-to-Hydrogen
The transaction range of methanol in north-east China was from 2,510 to 2,580, an increase of 0.2%, with the average hydrogen cost at 2.89 yuan/m³.
The transaction range of methanol in east China was from 2,420 to 2,640, an increase of 0.6%, with the average hydrogen cost at 2.28 yuan/m³.
The transaction range of methanol in central China was from 2,410 to 2,660, a decrease of 0.2%, with the average hydrogen cost at 2.32 yuan/m³.
The transaction range of methanol in north China was from 2,270 to 2,380, with the average hydrogen cost at 2.11 yuan/m³.
The transaction range of methanol in south China was from 2,600 to 2,640, a decrease of 0.38%, with the average hydrogen cost at 2.33 yuan/m³.
The transaction range of methanol in north-west China was from 1,710 to 2,310, a decrease of 0.62%, with the average hydrogen cost at 1.51 yuan/m³.
The transaction range of methanol in south-west China was from 2,370 to 2,710, with the average hydrogen cost at 1.85 yuan/m³.