[SMM Daily Review of Hydrogen Cost] 20250514

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1,230-1,230 yuan/ton], with an average hydrogen cost of [1.26 yuan/m³].

In Hebei, the coke transaction range was [1,290-1,380 yuan/ton], with an average hydrogen cost of [1.336 yuan/m³].

In Shanxi, the coke transaction range was [1,420-1,610 yuan/ton], with an average hydrogen cost of [1.446 yuan/m³].

In Henan, the coke transaction range was [1,460-1,470 yuan/ton], 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 [4,910-4,910 yuan/ton], with an average hydrogen cost of [2.32 yuan/m³].

In Guangxi, the natural gas transaction range was [4,770-5,010 yuan/ton], with an average hydrogen cost of [2.29 yuan/m³].

In Shanxi, the natural gas transaction range was [4,280-4,620 yuan/ton], with an average hydrogen cost of [2.32 yuan/m³].

In Hebei, the natural gas transaction range was [4,430-4,270 yuan/ton], with an average hydrogen cost of [2.20 yuan/m³].

In Shandong, the natural gas transaction range was [4,560-4,700 yuan/ton], with an average hydrogen cost of [2.0 yuan/m³].

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

In Hubei, the natural gas transaction range was [4,590-4,840 yuan/ton], with an average hydrogen cost of [2.03 yuan/m³].

In Henan, the natural gas transaction range was [4,400-4,540 yuan/ton], with an average hydrogen cost of [1.95 yuan/m³].

In Guizhou, the natural gas transaction range was [4,550-4,830 yuan/ton], with a decrease of 0.11% and an average hydrogen cost of [1.99 yuan/m³].

In Sichuan, the natural gas transaction range was [4,570-4,660 yuan/ton], with an average hydrogen cost of [1.99 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,580-4,830 yuan/ton], with an average hydrogen cost of [2.03 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4,390-4,700 yuan/ton], with an average hydrogen cost of [1.96 yuan/m³].

In Heilongjiang, the natural gas transaction range was [4,670-4,870 yuan/ton], with an average hydrogen cost of [2.05 yuan/m³].

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7,480-7,500 yuan/ton], with an increase of 0.07% and an average hydrogen cost of [4.19 yuan/m³].

In east China, the propylene oxide transaction range was [7,510-7,540 yuan/ton], with an increase of 1.55% and an average hydrogen cost of [4.2 yuan/m³].

In Shandong, the propylene oxide transaction range was [7,360-7,390 yuan/ton], with an increase of 1.17% and an average hydrogen cost of [4.15 yuan/m³].

In south China, the propylene oxide transaction range was [7,880-7,980 yuan/ton], with an increase of 0.95% and an average hydrogen cost of [4.4 yuan/m³].

IV. Methanol-to-hydrogen production

In north-east China, the methanol transaction range was [2420-2440 yuan], with a decrease of 0.41%, and the average hydrogen cost was [2.21 yuan/m³]

In east China, the methanol transaction range was [2350-2530 yuan], with an increase of 1.88%, and the average hydrogen cost was [2.23 yuan/m³]

In central China, the methanol transaction range was [2270-2530 yuan], with an increase of 0.63%, and the average hydrogen cost was [2.23 yuan/m³]

In north China, the methanol transaction range was [2170-2320 yuan], with an increase of 0.22%, and the average hydrogen cost was [2.1 yuan/m³]

In south China, the methanol transaction range was [2450-2510 yuan], with an increase of 2.27%, and the average hydrogen cost was [1.81 yuan/m³]

In north-west China, the methanol transaction range was [1800-2170 yuan], with a decrease of 0.75%, and the average hydrogen cost was [1.5 yuan/m³]

In south-west China, the methanol transaction range was [2240-2480 yuan], with a decrease of 2.07%, and the average hydrogen cost was [1.7 yuan/m³]