SMM Hydrogen Cost Daily Review: March 25, 2025

Published: Mar 25, 2025 22:43

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1. Coal-to-Hydrogen
The transaction range of coke in Shandong was 1,190-1,200, with an average hydrogen cost of 1.23 yuan/m³.
The transaction range of coke in Hebei was 1,260-1,310, with an average hydrogen cost of 1.4 yuan/m³.
The transaction range of coke in Shanxi was 1,360-1,580, with an average hydrogen cost of 1.4 yuan/m³.
The transaction range of coke in Henan was 1,380-1,410, with an average hydrogen cost of 1.39 yuan/m³.

2. Natural Gas-to-Hydrogen
The transaction range of natural gas in Guangdong Yuedong was 4,910-4,910, with an average hydrogen cost of 2.32 yuan/m³.
The transaction range of natural gas in Guangxi was 4,690-4,910, with an average hydrogen cost of 2.25 yuan/m³.
The transaction range of natural gas in Shanxi was 4,220-4,580, with an average hydrogen cost of 2.1 yuan/m³.
The transaction range of natural gas in Hebei was 4,442-4,735, with an increase of 0.55%, and an average hydrogen cost of 2.2 yuan/m³.
The transaction range of natural gas in Shandong was 4,580-4,790, with an average hydrogen cost of 2.26 yuan/m³.
The transaction range of natural gas in the Pearl River Delta was 4,890-4,920, with an average hydrogen cost of 2.11 yuan/m³.
The transaction range of natural gas in Hubei was 4,530-4,980, with an average hydrogen cost of 2.05 yuan/m³.
The transaction range of natural gas in Henan was 4,440-4,650, with a decrease of 1.09%, and an average hydrogen cost of 1.96 yuan/m³.
The transaction range of natural gas in Guizhou was 4,650-4,810, with a decrease of 1.28%, and an average hydrogen cost of 2.04 yuan/m³.
The transaction range of natural gas in Sichuan was 4,620-4,670, with an increase of 1.2%, and an average hydrogen cost of 2.0 yuan/m³.
The transaction range of natural gas in Zhejiang was 4,610-4,940, with an average hydrogen cost of 2.05 yuan/m³.
The transaction range of natural gas in Inner Mongolia was 4,280-4,610, with an increase of 0.79%, and an average hydrogen cost of 1.92 yuan/m³.
The transaction range of natural gas in Heilongjiang was 4,640-4,830, with a decrease of 1.15%, and an average hydrogen cost of 2.04 yuan/m³.

3. Propane-to-Hydrogen
The transaction range of propylene oxide in north-east China was 7,820-7,870, with an average hydrogen cost of 4.36 yuan/m³.
The transaction range of propylene oxide in east China was 7,780-7,830, with a decrease of 0.57%, and an average hydrogen cost of 4.35 yuan/m³.
The transaction range of propylene oxide in Shandong was 7,660-7,720, with an average hydrogen cost of 4.31 yuan/m³.
The transaction range of propylene oxide in south China was 8,300-8,390, with an average hydrogen cost of 4.61 yuan/m³.

4. Methanol-to-Hydrogen
The transaction range of methanol in north-east China was 2,600-2,620, with an increase of 0.38%, and an average hydrogen cost of 2.33 yuan/m³.
The transaction range of methanol in east China was 2,490-2,770, with a decrease of 0.94%, and an average hydrogen cost of 2.35 yuan/m³.
The transaction range of methanol in central China was 2,500-2,650, with an increase of 0.78%, and an average hydrogen cost of 2.34 yuan/m³.
The transaction range of methanol in north China was 2,350-2,460, with an average hydrogen cost of 2.16 yuan/m³.
The transaction range of methanol in south China was 2,670-2,710, with a decrease of 0.19%, and an average hydrogen cost of 2.38 yuan/m³.
The transaction range of methanol in north-west China was 1,680-2,320, with an increase of 1.52%, and an average hydrogen cost of 1.5 yuan/m³.
The transaction range of methanol in south-west China was 2,390-2,720, with a decrease of 0.2%, and an average hydrogen cost of 1.86 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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