SMM Hydrogen Cost Daily Review 20250331

1. Coal-to-Hydrogen The transaction range of coke in Shandong was 1,190-1,200, with the average hydrogen cost at 1.23 yuan/m³. The transaction range of coke in Hebei was 1,260-1,310, with the average hydrogen cost at 1.3 yuan/m³. The transaction range of coke in Shanxi was 1,360-1,580, with the average hydrogen cost at 1.41 yuan/m³. The transaction range of coke in Henan was 1,380-1,410, 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 4,910-4,910, with the average hydrogen cost at 2.31 yuan/m³. The transaction range of natural gas in Guangxi was 4,800-5,000, an increase of 0.51%, with the average hydrogen cost at 2.3 yuan/m³. The transaction range of natural gas in Shanxi was 4,360-4,640, an increase of 0.56%, with the average hydrogen cost at 2.14 yuan/m³. The transaction range of natural gas in Hebei was 4,441-4,735, an increase of 0.17%, with the average hydrogen cost at 2.2 yuan/m³. The transaction range of natural gas in Shandong was 4,590-4,800, an increase of 1.95%, with the average hydrogen cost at 2.29 yuan/m³. The transaction range of natural gas in the Pearl River Delta was 4,890-4,920, with the average hydrogen cost at 2.11 yuan/m³. The transaction range of natural gas in Hubei was 4,530-4,980, with the average hydrogen cost at 2.1 yuan/m³. The transaction range of natural gas in Henan was 4,530-4,760, an increase of 1.2%, with the average hydrogen cost at 2.0 yuan/m³. The transaction range of natural gas in Guizhou was 4,670-4,790, a decrease of 0.11%, with the average hydrogen cost at 2.0 yuan/m³. The transaction range of natural gas in Sichuan was 4,620-4,670, with the average hydrogen cost at 2.0 yuan/m³. The transaction range of natural gas in Zhejiang was 4,600-4,920, with the average hydrogen cost at 2.0 yuan/m³. The transaction range of natural gas in Inner Mongolia was 4,390-4,700, an increase of 2.25%, with the average hydrogen cost at 1.96 yuan/m³. The transaction range of natural gas in Heilongjiang was 4,600-4,780, with the average hydrogen cost at 2.0 yuan/m³. 3. Propane-to-Hydrogen The transaction range of propylene oxide in north-east China was 7,770-7,800, with the average hydrogen cost at 4.36 yuan/m³. The transaction range of propylene oxide in east China was 7,780-7,830, with the average hydrogen cost at 4.34 yuan/m³. The transaction range of propylene oxide in Shandong was 7,640-7,670, 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 8,300-8,390, with the average hydrogen cost at 4.61 yuan/m³. 4. Methanol-to-Hydrogen The transaction range of methanol in north-east China was 2,570-2,580, with the average hydrogen cost at 2.3 yuan/m³. The transaction range of methanol in east China was 2,440-2,670, a decrease of 0.68%, with the average hydrogen cost at 2.3 yuan/m³. The transaction range of methanol in central China was 2,440-2,660, a decrease of 0.97%, with the average hydrogen cost at 2.33 yuan/m³. The transaction range of methanol in north China was 2,350-2,470, an increase of 0.21%, with the average hydrogen cost at 2.17 yuan/m³. The transaction range of methanol in south China was 2,620-2,620, a decrease of 2.06%, with the average hydrogen cost at 2.33 yuan/m³. The transaction range of methanol in north-west China was 1,690-2,310, a decrease of 0.5%, with the average hydrogen cost at 1.5 yuan/m³. The transaction range of methanol in south-west China was 2,425-2,740, an increase of 0.58%, with the average hydrogen cost at 1.87 yuan/m³.