SMM Hydrogen Cost Daily Review 20250407

I. Coal-Based Hydrogen Production 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 1.3 yuan/m³. The transaction range of coke in Shanxi was 1,360-1,580, with an average hydrogen cost of 1.41 yuan/m³. The transaction range of coke in Henan was 1,380-1,410, with an average hydrogen cost of 1.39 yuan/m³. II. Natural Gas-Based Hydrogen Production The transaction range of natural gas in Guangdong's eastern region was 4,910-4,910, with an average hydrogen cost of 2.32 yuan/m³. The transaction range of natural gas in Guangxi was 4,880-5,060, up 0.4%, with an average hydrogen cost of 2.32 yuan/m³. The transaction range of natural gas in Shanxi was 4,350-4,560, with an average hydrogen cost of 2.14 yuan/m³. The transaction range of natural gas in Hebei was 4,441-4,790, down 0.59%, with an average hydrogen cost of 2.21 yuan/m³. The transaction range of natural gas in Shandong was 4,630-4,900, down 0.63%, with an average hydrogen cost of 2.3 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 4,860-5,080, with an average hydrogen cost of 2.1 yuan/m³. The transaction range of natural gas in Henan was 4,610-4,820, with an average hydrogen cost of 2.0 yuan/m³. The transaction range of natural gas in Guizhou was 4,710-4,940, with an average hydrogen cost of 2.8 yuan/m³. The transaction range of natural gas in Sichuan was 4,710-4,830, with an average hydrogen cost of 2.05 yuan/m³. The transaction range of natural gas in Zhejiang was 4,610-4,940, with an average hydrogen cost of 2.06 yuan/m³. The transaction range of natural gas in Inner Mongolia was 4,470-4,760, up 1.53%, with an average hydrogen cost of 1.99 yuan/m³. The transaction range of natural gas in Heilongjiang was 4,670-4,870, with an average hydrogen cost of 2.05 yuan/m³. III. Propane-Based Hydrogen Production The transaction range of propylene oxide in north-east China was 7,770-7,800, with an average hydrogen cost of 4.33 yuan/m³. The transaction range of propylene oxide in east China was 7,750-7,780, with an average hydrogen cost of 4.33 yuan/m³. The transaction range of propylene oxide in Shandong was 7,560-7,600, down 0.72%, with an average hydrogen cost of 4.25 yuan/m³. The transaction range of propylene oxide in south China was 8,210-8,300, with an average hydrogen cost of 4.57 yuan/m³. IV. Methanol-Based Hydrogen Production The transaction range of methanol in north-east China was 2,510-2,570, down 0.2%, with an average hydrogen cost of 2.28 yuan/m³. The transaction range of methanol in east China was 2,460-2,580, down 0.4%, with an average hydrogen cost of 2.28 yuan/m³. The transaction range of methanol in central China was 2,385-2,620, down 1.28%, with an average hydrogen cost of 2.3 yuan/m³. The transaction range of methanol in north China was 2,280-2,390, up 0.43%, with an average hydrogen cost of 2.12 yuan/m³. The transaction range of methanol in south China was 2,530-2,550, down 3.05%, with an average hydrogen cost of 2.28 yuan/m³. The transaction range of methanol in north-west China was 1,730-2,260, down 0.75%, with an average hydrogen cost of 1.5 yuan/m³. The transaction range of methanol in south-west China was 2,370-2,690, down 0.39%, with an average hydrogen cost of 1.84 yuan/m³.