[SMM Daily Review of Hydrogen Cost] 20250515

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 [4310-4480], with a decrease of 1.24%, and an average hydrogen cost of [2.10 yuan/m³].

In Hebei, the natural gas transaction range was [4310-4605], with a decrease of 2.57%, and an average hydrogen cost of [2.15 yuan/m³].

In Shandong, the natural gas transaction range was [4570-4700], with an increase of 0.11%, and an average hydrogen cost of [2.0 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 an average hydrogen cost of [2.0 yuan/m³].

In Henan, the natural gas transaction range was [4400-4540], with an average hydrogen cost of [1.93 yuan/m³].

In Guizhou, the natural gas transaction range was [4550-4830], with an average hydrogen cost of [1.95 yuan/m³].

In Sichuan, the natural gas transaction range was [4430-4640], with an average hydrogen cost of [1.96 yuan/m³].

In Zhejiang, the natural gas transaction range was [4530-4810], with a decrease of 0.74%, and an average hydrogen cost of [2.0 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4390-4700], with 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 [2.05 yuan/m³].

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7530-7560], with an increase of 0.73%, and an average hydrogen cost of [4.22 yuan/m³].

In east China, the propylene oxide transaction range was [7590-7650], with an increase of 1.26%, and an average hydrogen cost of [4.25 yuan/m³].

In Shandong, the propylene oxide transaction range was [7360-7390], with an average hydrogen cost of [4.15 yuan/m³].

In south China, the propylene oxide transaction range was [7880-7980], with an average hydrogen cost of [4.4 yuan/m³].

IV. Hydrogen production from methanol

The transaction price range of methanol in north-east China was [2,420-2,440 yuan], with an average hydrogen cost of [2.21 yuan/m³]

The transaction price range of methanol in east China was [2,340-2,470 yuan], a decrease of 1.43%, with an average hydrogen cost of [2.2 yuan/m³]

The transaction price range of methanol in central China was [2,255-2,530 yuan], a decrease of 0.31%, with an average hydrogen cost of [2.23 yuan/m³]

The transaction price range of methanol in north China was [2,200-2,310 yuan], a decrease of 0.45%, with an average hydrogen cost of [2.07 yuan/m³]

The transaction price range of methanol in south China was [2,430-2,490 yuan], a decrease of 0.81%, with an average hydrogen cost of [1.8 yuan/m³]

The transaction price range of methanol in north-west China was [2,110-2,180 yuan], an increase of 8.06%, with an average hydrogen cost of [1.6 yuan/m³]

The transaction price range of methanol in south-west China was [2,260-2,480 yuan], an increase of 0.42%, with an average hydrogen cost of [1.74 yuan/m³]