[SMM Hydrogen Cost Daily Review] 20250226

I. Coal-Based Hydrogen Production

Coke transaction range in Shandong [1,240-1,270], average hydrogen cost [1.25 yuan/m³]

Coke transaction range in Hebei [1,280-1,350], average hydrogen cost [1.29 yuan/m³]

Coke transaction range in Shanxi [1,390-1,620], average hydrogen cost [1.39 yuan/m³]

Coke transaction range in Henan [1,430-1,470], average hydrogen cost [1.39 yuan/m³]

II. Natural Gas-Based Hydrogen Production

Natural gas transaction range in Guangdong (eastern region) [5,090-5,120], average hydrogen cost [2.4 yuan/m³]

Natural gas transaction range in Guangxi [4,900-5,120], average hydrogen cost [2.33 yuan/m³]

Natural gas transaction range in Shanxi [4,410-4,650], increase of 1.68%, average hydrogen cost [2.15 yuan/m³]

Natural gas transaction range in Hebei [4,511-4,795], increase of 1.03%, average hydrogen cost [2.23 yuan/m³]

Natural gas transaction range in Shandong [4,700-4,870], increase of 0.1%, average hydrogen cost [2.3 yuan/m³]

Natural gas transaction range in the Pearl River Delta [5,090-5,090], average hydrogen cost [2.42 yuan/m³]

Natural gas transaction range in Hubei [4,580-5,010], average hydrogen cost [2.28 yuan/m³]

Natural gas transaction range in Henan [4,630-4,860], increase of 2.26%, average hydrogen cost [2.28 yuan/m³]

Natural gas transaction range in Guizhou [4,580-4,800], increase of 0.97%, average hydrogen cost [2.24 yuan/m³]

Natural gas transaction range in Sichuan [4,460-4,650], average hydrogen cost [2.2 yuan/m³]

Natural gas transaction range in Zhejiang [4,660-4,800], average hydrogen cost [2.25 yuan/m³]

Natural gas transaction range in Inner Mongolia [4,320-4,610], average hydrogen cost [2.09 yuan/m³]

Natural gas transaction range in Heilongjiang [5,320-5,700], average hydrogen cost [2.57 yuan/m³]

III. Propane-Based Hydrogen Production

Epoxy propane transaction range in north-east China [7,870-7,890], decrease of 1.19%, average hydrogen cost [4.37 yuan/m³]

Epoxy propane transaction range in east China [7,830-7,830], decrease of 0.89%, average hydrogen cost [4.35 yuan/m³]

Epoxy propane transaction range in Shandong [7,800-7,860], average hydrogen cost [4.35 yuan/m³]

Epoxy propane transaction range in south China [8,320-8,420], decrease of 2.16%, average hydrogen cost [4.65 yuan/m³]

IV. Methanol-Based Hydrogen Production

Methanol transaction range in north-east China [2,520-2,540], average hydrogen cost [2.27 yuan/m³]

Methanol transaction range in east China [2,435-2,580], decrease of 1.08%, average hydrogen cost [2.25 yuan/m³]

Methanol transaction range in central China [2,340-2,560], decrease of 0.41%, average hydrogen cost [2.2 yuan/m³]

Methanol transaction range in north China [2,260-2,440], increase of 1.51%, average hydrogen cost [2.17 yuan/m³]

Methanol transaction range in south China [2,640-2,640], decrease of 0.94%, average hydrogen cost [2.4 yuan/m³]

Methanol transaction range in north-west China [1,790-2,210], increase of 0.25%, average hydrogen cost [1.84 yuan/m³]

Methanol transaction range in south-west China [2,360-2,730], decrease of 0.2%, average hydrogen cost [2.32 yuan/m³]