[SMM Daily Review of Hydrogen Cost] 20250512

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1230-1230], with an average hydrogen cost of [1.26 yuan/m³].

In Hebei, the coke transaction range was [1290-1380], with an average hydrogen cost of [1.336 yuan/m³].

In Shanxi, the coke transaction range was [1420-1610], with an average hydrogen cost of [1.446 yuan/m³].

In Henan, the coke transaction range was [1460-1470], with an average hydrogen cost of [1.43 yuan/m³].

II. Hydrogen Production from Natural Gas

In eastern Guangdong, the natural gas transaction range was [4910-4910], with an average hydrogen cost of [2.32 yuan/m³].

In Guangxi, the natural gas transaction range was [4770-5010], with an average hydrogen cost of [2.29 yuan/m³].

In Shanxi, the natural gas transaction range was [4280-4620], with a decrease of 0.89%, and an average hydrogen cost of [2.12 yuan/m³].

In Hebei, the natural gas transaction range was [4430-4270], with an average hydrogen cost of [2.20 yuan/m³].

In Shandong, the natural gas transaction range was [4560-4700], with an average hydrogen cost of [1.998 yuan/m³].

In the Pearl River Delta, the natural gas transaction range was [4890-4920], with an average hydrogen cost of [2.11 yuan/m³].

In Hubei, the natural gas transaction range was [4590-4840], with a decrease of 1.36%, and an average hydrogen cost of [2.03 yuan/m³].

In Henan, the natural gas transaction range was [4450-4590], with an average hydrogen cost of [1.95 yuan/m³].

In Guizhou, the natural gas transaction range was [4560-4830], with a decrease of 1.47%, and an average hydrogen cost of [1.99 yuan/m³].

In Sichuan, the natural gas transaction range was [4570-4660], with a decrease of 0.65%, and an average hydrogen cost of [1.99 yuan/m³].

In Zhejiang, the natural gas transaction range was [4580-4830], with an increase of 1.18%, and an average hydrogen cost of [2.23 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4390-4700], with a decrease of 0.87%, and an average hydrogen cost of [1.96 yuan/m³].

In Heilongjiang, the natural gas transaction range was [4670-4870], with an average hydrogen cost of [2.055 yuan/m³].

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7450-7520], with an average hydrogen cost of [4.18 yuan/m³].

In east China, the propylene oxide transaction range was [7380-7390], with an average hydrogen cost of [4.14 yuan/m³].

In Shandong, the propylene oxide transaction range was [7240-7300], with an average hydrogen cost of [4.09 yuan/m³].

In south China, the propylene oxide transaction range was [7790-7920], with an average hydrogen cost of [4.37 yuan/m³].

IV. Hydrogen production from methanol

The transaction price range of methanol in north-east China was [2,410-2,430 yuan], with an increase of 0.41%. The average cost of hydrogen was [2.21 yuan/m³].

The transaction price range of methanol in east China was [2,290-2,440 yuan], with an average hydrogen cost of [2.18 yuan/m³].

The transaction price range of methanol in central China was [2,250-2,480 yuan], with a decrease of 0.42%. The average cost of hydrogen was [2.21 yuan/m³].

The transaction price range of methanol in north China was [2,170-2,440 yuan], with a decrease of 0.43%. The average cost of hydrogen was [2.1 yuan/m³].

The transaction price range of methanol in south China was [2,375-2,430 yuan], with an increase of 0.31%. The average cost of hydrogen was [1.76 yuan/m³].

The transaction price range of methanol in north-west China was [1,830-2,140 yuan], with a decrease of 1.49%. The average cost of hydrogen was [1.49 yuan/m³].

The transaction price range of methanol in south-west China was [2,300-2,530 yuan], with an increase of 0.42%. The average cost of hydrogen was [1.77 yuan/m³].