[SMM Daily Review of Hydrogen Cost] 20250514

Published: May 16, 2025 12:04

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]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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