SMM Hydrogen Cost Daily Review: 20250423

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 1.44 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 4,290-4,470, a decrease of 0.23%, with an average hydrogen cost of 2.09 yuan/m³.

The transaction range of natural gas in Hebei was 4,449-4,770, an increase of 0.33%, with an average hydrogen cost of 2.21 yuan/m³.

The transaction range of natural gas in Shandong was 4,570-4,700, a decrease of 1.49%, with an average hydrogen cost of 2.24 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 4,780-4,990, a decrease of 2.1%, with an average hydrogen cost of 2.10 yuan/m³.

The transaction range of natural gas in Henan was 4,450-4,590, a decrease of 0.33%, with an average hydrogen cost of 1.95 yuan/m³.

The transaction range of natural gas in Guizhou was 4,920-4,970, a decrease of 1.1%, with an average hydrogen cost of 2.13 yuan/m³.

The transaction range of natural gas in Sichuan was 4,760-4,950, a decrease of 1.42%, with an average hydrogen cost of 2.09 yuan/m³.

The transaction range of natural gas in Zhejiang was 4,430-4,750, a decrease of 2.13%, with an average hydrogen cost of 1.98 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 7,280-7,370, a decrease of 0.81%, with an average hydrogen cost of 4.11 yuan/m³.

The transaction range of propylene oxide in east China was 7,220-7,240, a decrease of 0.48%, with an average hydrogen cost of 4.06 yuan/m³.

The transaction range of propylene oxide in Shandong was 7,000-7,110, a decrease of 0.21%, with an average hydrogen cost of 3.99 yuan/m³.

The transaction range of propylene oxide in south China was 7,690-7,780, a decrease of 0.83%, with an average hydrogen cost of 4.31 yuan/m³.

IV. Methanol-to-Hydrogen

The transaction range of methanol in north-east China was 2,610-2,630, an increase of 1.16%, with an average hydrogen cost of 2.33 yuan/m³.

The transaction range of methanol in east China was 2,430-2,620, an increase of 0.4%, with an average hydrogen cost of 2.28 yuan/m³.

The transaction range of methanol in central China was 2,380-2,580, a decrease of 0.8%, with an average hydrogen cost of 2.28 yuan/m³.

The transaction range of methanol in north China was 2,350-2,440, a decrease of 0.21%, with an average hydrogen cost of 2.16 yuan/m³.

The transaction range of methanol in south China was 2,450-2,470, a decrease of 0.4%, with an average hydrogen cost of 2.23 yuan/m³.

The transaction range of methanol in north-west China was 1,830-2,310, an increase of 1.47%, with an average hydrogen cost of 1.55 yuan/m³.

The transaction range of methanol in south-west China was 2,330-2,540, a decrease of 1.62%, with an average hydrogen cost of 1.78 yuan/m³.