SMM Hydrogen Cost Daily Review: 20250421

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, with an average hydrogen cost of 2.31 yuan/m³.

The transaction range of natural gas in Shanxi was 4,350-4,510, an increase of 1.37%, with an average hydrogen cost of 2.11 yuan/m³.

The transaction range of natural gas in Hebei was 4,399-4,740, a decrease of 0.48%, with an average hydrogen cost of 2.19 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 4,460-4,610, a decrease of 2.37%, with an average hydrogen cost of 1.96 yuan/m³.

The transaction range of natural gas in Guizhou was 4,800-4,870, an increase of 1.36%, with an average hydrogen cost of 2.08 yuan/m³.

The transaction range of natural gas in Sichuan was 4,690-4,870, an increase of 1.38%, with an average hydrogen cost of 2.06 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, with an average hydrogen cost of 4.23 yuan/m³.

The transaction range of propylene oxide in east China was 7,300-7,320, a decrease of 2.4%, with an average hydrogen cost of 4.10 yuan/m³.

The transaction range of propylene oxide in Shandong was 7,210-7,290, a decrease of 0.21%, with an average hydrogen cost of 4.09 yuan/m³.

The transaction range of propylene oxide in south China was 7,780-7,820, a decrease of 3.82%, with an average hydrogen cost of 4.34 yuan/m³.

IV. Methanol-to-Hydrogen

The transaction range of methanol in north-east China was 2,600-2,620, an increase of 0.77%, with an average hydrogen cost of 2.33 yuan/m³.

The transaction range of methanol in east China was 2,425-2,610, an increase of 0.2%, with an average hydrogen cost of 2.28 yuan/m³.

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

The transaction range of methanol in north China was 2,360-2,490, an increase of 0.41%, with an average hydrogen cost of 2.18 yuan/m³.

The transaction range of methanol in south China was 2,460-2,480, an increase of 0.61%, with an average hydrogen cost of 2.24 yuan/m³.

The transaction range of methanol in north-west China was 1,760-2,270, a decrease of 0.25%, with an average hydrogen cost of 1.51 yuan/m³.

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