SMM Hydrogen Cost Daily Review: April 2, 2025

I. Coal-Based Hydrogen Production 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. II. Natural Gas-Based Hydrogen Production 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 4,431 to 4,750, with an increase of 0.05%, and the average hydrogen cost at 2.2 yuan/m³. The transaction range of natural gas in Shandong was from 4,680 to 4,840, with an increase of 1.06%, and the average hydrogen cost at 2.29 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 4,530 to 4,980, with the average hydrogen cost at 2.1 yuan/m³. The transaction range of natural gas in Henan was from 4,530 to 4,760, with the average hydrogen cost at 2.0 yuan/m³. The transaction range of natural gas in Guizhou was from 4,700 to 4,930, with an increase of 1.48%, and the average hydrogen cost at 2.07 yuan/m³. The transaction range of natural gas in Sichuan was from 4,710 to 4,830, with an increase of 2.25%, and the average hydrogen cost at 2.06 yuan/m³. The transaction range of natural gas in Zhejiang was from 4,600 to 4,920, with the average hydrogen cost at 2.05 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 an increase of 1.71%, and the average hydrogen cost at 2.05 yuan/m³. III. Propane-Based Hydrogen Production The transaction range of propylene oxide in north-east China was from 7,770 to 7,800, with the average hydrogen cost at 4.36 yuan/m³. The transaction range of propylene oxide in east China was from 7,800 to 7,820, with an increase of 0.06%, and the average hydrogen cost at 4.33 yuan/m³. The transaction range of propylene oxide in Shandong was from 7,600 to 7,650, with a decrease of 0.39%, and the average hydrogen cost at 4.27 yuan/m³. The transaction range of propylene oxide in south China was from 8,300 to 8,390, with the average hydrogen cost at 4.61 yuan/m³. IV. Methanol-Based Hydrogen Production The transaction range of methanol in north-east China was from 2,510 to 2,570, with a decrease of 0.78%, and the average hydrogen cost at 2.28 yuan/m³. The transaction range of methanol in east China was from 2,400 to 2,630, with a decrease of 1.37%, and the average hydrogen cost at 2.27 yuan/m³. The transaction range of methanol in central China was from 2,410 to 2,670, with the average hydrogen cost at 2.32 yuan/m³. The transaction range of methanol in north China was from 2,260 to 2,390, with a decrease of 3.13%, and the average hydrogen cost at 2.11 yuan/m³. The transaction range of methanol in south China was from 2,630 to 2,630, with an increase of 0.19%, and the average hydrogen cost at 2.34 yuan/m³. The transaction range of methanol in north-west China was from 1,715 to 2,330, with an increase of 0.37%, and the average hydrogen cost at 1.52 yuan/m³. The transaction range of methanol in south-west China was from 2,370 to 2,710, with a decrease of 1.65%, and the average hydrogen cost at 1.85 yuan/m³.