【SMM Daily Review of Hydrogen Energy Cost】April 29, 2025

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1,230-1,230 yuan], with an average hydrogen cost of [1.23 yuan/m³].

In Hebei, the coke transaction range was [1,290-1,380 yuan], with an average hydrogen cost of [1.33 yuan/m³].

In Shanxi, the coke transaction range was [1,420-1,610 yuan], with an average hydrogen cost of [1.44 yuan/m³].

In Henan, the coke transaction range was [1,460-1,470 yuan], with an average hydrogen cost of [1.45 yuan/m³].

II. Hydrogen Production from Natural Gas

In eastern Guangdong, the natural gas transaction range was [4,910-4,910 yuan], with an average hydrogen cost of [2.32 yuan/m³].

In Guangxi, the natural gas transaction range was [4,850-5,000 yuan], with an average hydrogen cost of [2.31 yuan/m³].

In Shanxi, the natural gas transaction range was [4,300-4,480 yuan], with an average hydrogen cost of [2.10 yuan/m³].

In Hebei, the natural gas transaction range was [4,419-4,695 yuan], with an average hydrogen cost of [2.19 yuan/m³].

In Shandong, the natural gas transaction range was [4,520-4,660 yuan], with an average hydrogen cost of [2.22 yuan/m³].

In the Pearl River Delta, the natural gas transaction range was [4,890-4,920 yuan], with an average hydrogen cost of [2.11 yuan/m³].

In Hubei, the natural gas transaction range was [4,680-5,020 yuan], with a decrease of 0.41% and an average hydrogen cost of [2.09 yuan/m³].

In Henan, the natural gas transaction range was [4,450-4,590 yuan], with an average hydrogen cost of [1.95 yuan/m³].

In Guizhou, the natural gas transaction range was [4,690-4,990 yuan], with a decrease of 1.53% and an average hydrogen cost of [2.08 yuan/m³].

In Sichuan, the natural gas transaction range was [4,630-4,790 yuan], with a decrease of 1.26% and an average hydrogen cost of [2.03 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,430-4,750 yuan], with an average hydrogen cost of [1.98 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4,410-4,760 yuan], with an average hydrogen cost of [1.98 yuan/m³].

In Heilongjiang, the natural gas transaction range was [4,670-4,870 yuan], with an average hydrogen cost of [2.06 yuan/m³].

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7,230-7,360 yuan], with an increase of 1.53% and an average hydrogen cost of [4.09 yuan/m³].

In east China, the propylene oxide transaction range was [7,240-7,300 yuan], with an increase of 0.48% and an average hydrogen cost of [4.08 yuan/m³].

In Shandong, the propylene oxide transaction range was [7,070-7,070 yuan], with an increase of 1.51% and an average hydrogen cost of [4.00 yuan/m³].

In south China, the propylene oxide transaction range was [7,600-7,690 yuan], with an average hydrogen cost of [4.26 yuan/m³].

IV. Hydrogen Production from Methanol

In north-east China, the methanol transaction range was [2,510-2,530 yuan], with an increase of 0.4% and an average hydrogen cost of [2.27 yuan/m³].

In east China, the methanol transaction range was [2,420-2,590 yuan], with a decrease of 0.6% and an average hydrogen cost of [2.27 yuan/m³].

In central China, the methanol transaction range was [2,380-2,610 yuan], with an increase of 0.4% and an average hydrogen cost of [2.29 yuan/m³].

In north China, the methanol transaction range was [2,260-2,460 yuan], with an increase of 0.21% and an average hydrogen cost of [2.14 yuan/m³].

In south China, the methanol transaction range was [2,460-2,470 yuan], with a decrease of 0.6% and an average hydrogen cost of [2.23 yuan/m³].

In north-west China, the methanol transaction range was [1,850-2,270 yuan], with an increase of 1.48% and an average hydrogen cost of [1.54 yuan/m³].

In south-west China, the methanol transaction range was [2,330-2,560 yuan], with an increase of 0.41% and an average hydrogen cost of [1.79 yuan/m³].