SMM Hydrogen Cost Daily Review: April 18, 2025

I. Coal-to-Hydrogen

The transaction range of coke in Shandong was 1,230-1,230, with an average hydrogen cost of 1.24 yuan/m³

The transaction range of coke in Hebei was 1,290-1,380, with an average hydrogen cost of 1.32 yuan/m³

The transaction range of coke in Shanxi was 1,420-1,610, with an average hydrogen cost of 1.45 yuan/m³

The transaction range of coke in Henan was 1,460-1,470, with an average hydrogen cost of 1.41 yuan/m³

II. Natural Gas-to-Hydrogen

The transaction range of natural gas in eastern Guangdong was 4,910-4,910, with an average hydrogen cost of 2.32 yuan/m³

The transaction range of natural gas in Guangxi was 4,850-5,000, an increase of 2.5%, with an average hydrogen cost of 2.31 yuan/m³

The transaction range of natural gas in Shanxi was 4,230-4,510, a decrease of 0.91%, with an average hydrogen cost of 2.09 yuan/m³

The transaction range of natural gas in Hebei was 4,428-4,755, a decrease of 0.7%, with an average hydrogen cost of 2.20 yuan/m³

The transaction range of natural gas in Shandong was 4,620-4,790, with an average hydrogen cost of 2.27 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 4,690-5,030, with an average hydrogen cost of 2.09 yuan/m³

The transaction range of natural gas in Henan was 4,570-4,720, with an average hydrogen cost of 2.00 yuan/m³

The transaction range of natural gas in Guizhou was 4,630-4,910, with an average hydrogen cost of 2.06 yuan/m³

The transaction range of natural gas in Sichuan was 4,640-4,790, with an average hydrogen cost of 2.03 yuan/m³

The transaction range of natural gas in Zhejiang was 4,530-4,850, with an average hydrogen cost of 2.02 yuan/m³

The transaction range of natural gas in Inner Mongolia was 4,410-4,760, with an average hydrogen cost of 1.98 yuan/m³

The transaction range of natural gas in Heilongjiang was 4,670-4,870, with an average hydrogen cost of 2.06 yuan/m³

III. Propane-to-Hydrogen

The transaction range of propylene oxide in north-east China was 7,540-7,590, a decrease of 0.13%, with an average hydrogen cost of 4.23 yuan/m³

The transaction range of propylene oxide in east China was 7,470-7,510, a decrease of 0.6%, with an average hydrogen cost of 4.19 yuan/m³

The transaction range of propylene oxide in Shandong was 7,250-7,280, with an average hydrogen cost of 4.10 yuan/m³

The transaction range of propylene oxide in south China was 8,100-8,120, with an average hydrogen cost of 4.50 yuan/m³

IV. Methanol-to-Hydrogen

The transaction range of methanol in north-east China was 2,580-2,600, a decrease of 1.15%, with an average hydrogen cost of 2.32 yuan/m³

The transaction range of methanol in east China was 2,405-2,620, a decrease of 0.79%, with an average hydrogen cost of 2.27 yuan/m³

The transaction range of methanol in central China was 2,400-2,640, a decrease of 0.4%, with an average hydrogen cost of 2.31 yuan/m³

The transaction range of methanol in north China was 2,360-2,470, a decrease of 0.62%, with an average hydrogen cost of 2.17 yuan/m³

The transaction range of methanol in south China was 2,450-2,460, a decrease of 1.01%, with an average hydrogen cost of 2.23 yuan/m³

The transaction range of methanol in north-west China was 1,750-2,290, an increase of 0.75%, with an average hydrogen cost of 1.52 yuan/m³

The transaction range of methanol in south-west China was 2,330-2,620, an increase of 1.12%, with an average hydrogen cost of 1.81 yuan/m³