SMM Hydrogen Energy Cost Daily Review: 20250425

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, with an average hydrogen cost of 2.09 yuan/m³

The transaction range of natural gas in Hebei was 4,446-4,730, with an increase of 0.56%, and an average hydrogen cost of 2.20 yuan/m³

The transaction range of natural gas in Shandong was 4,520-4,660, with an average hydrogen cost of 2.22 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 4,770-4,970, with an average hydrogen cost of 2.10 yuan/m³

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

The transaction range of natural gas in Guizhou was 4,800-4,920, with a decrease of 0.1%, and an average hydrogen cost of 2.09 yuan/m³

The transaction range of natural gas in Sichuan was 4,640-4,830, with a decrease of 1.15%, and an average hydrogen cost of 2.04 yuan/m³

The transaction range of natural gas in Zhejiang was 4,430-4,750, 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 7,210-7,320, with a decrease of 0.14%, and an average hydrogen cost of 4.08 yuan/m³

The transaction range of propylene oxide in east China was 7,130-7,260, with an increase of 0.7%, and an average hydrogen cost of 4.04 yuan/m³

The transaction range of propylene oxide in Shandong was 6,900-6,940, with an average hydrogen cost of 3.92 yuan/m³

The transaction range of propylene oxide in south China was 7,600-7,690, with an average hydrogen cost of 4.26 yuan/m³

IV. Methanol-to-Hydrogen

The transaction range of methanol in north-east China was 2,520-2,540, with an increase of 0.6%, and an average hydrogen cost of 2.28 yuan/m³

The transaction range of methanol in east China was 2,410-2,620, with a decrease of 0.2%, and an average hydrogen cost of 2.28 yuan/m³

The transaction range of methanol in central China was 2,400-2,570, with a decrease of 0.2%, and an average hydrogen cost of 2.29 yuan/m³

The transaction range of methanol in north China was 2,330-2,450, with a decrease of 0.21%, and an average hydrogen cost of 2.16 yuan/m³

The transaction range of methanol in south China was 2,460-2,460, with a decrease of 0.61%, and an average hydrogen cost of 2.23 yuan/m³

The transaction range of methanol in north-west China was 1,850-2,290, with an increase of 0.49%, and an average hydrogen cost of 1.55 yuan/m³

The transaction range of methanol in south-west China was 2,310-2,560, with an increase of 0.21%, and an average hydrogen cost of 1.78 yuan/m³