[SMM Daily Review of Hydrogen Cost] 20250522

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1,200-1,210 yuan], and the average hydrogen cost was [1.27 yuan/m³].

In Hebei, the coke transaction range was [1,240-1,320 yuan], and the average hydrogen cost was [1.3 yuan/m³].

In Shanxi, the coke transaction range was [1,360-1,560 yuan], and the average hydrogen cost was [1.98 yuan/m³].

In Henan, the coke transaction range was [1,420-1,420 yuan], and the average hydrogen cost was [1.39 yuan/m³].

II. Hydrogen Production from Natural Gas

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

In Guangxi, the natural gas transaction range was [4,710-5,020 yuan], and the average hydrogen cost was [2.28 yuan/m³].

In Shanxi, the natural gas transaction range was [4,150-4,460 yuan], with a decrease of 0.81%, and the average hydrogen cost was [2.075 yuan/m³].

In Hebei, the natural gas transaction range was [4,330-4,610 yuan], and the average hydrogen cost was [2.15 yuan/m³].

In Shandong, the natural gas transaction range was [4,505-4,660 yuan], and the average hydrogen cost was [2.0 yuan/m³].

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

In Hubei, the natural gas transaction range was [4,510-4,710 yuan], and the average hydrogen cost was [2.03 yuan/m³].

In Henan, the natural gas transaction range was [4,270-4,460 yuan], with a decrease of 1.47%, and the average hydrogen cost was [1.92 yuan/m³].

In Guizhou, the natural gas transaction range was [4,520-4,680 yuan], with a decrease of 0.54%, and the average hydrogen cost was [2.0 yuan/m³].

In Sichuan, the natural gas transaction range was [4,400-4,600 yuan], with a decrease of 0.77%, and the average hydrogen cost was [1.96 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,480-4,820 yuan], with a decrease of 0.43%, and the average hydrogen cost was [2.01 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4,210-4,490 yuan], with a decrease of 3.23%, and the average hydrogen cost was [1.96 yuan/m³].

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

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7,750-7,800 yuan], and the average hydrogen cost was [4.33 yuan/m³].

In east China, the propylene oxide transaction range was [7,670-7,710 yuan], and the average hydrogen cost was [4.29 yuan/m³].

In Shandong, the propylene oxide transaction range was [7,590-7,590 yuan], and the average hydrogen cost was [4.26 yuan/m³].

In south China, the propylene oxide transaction range was [8,080-8,120 yuan], and the average hydrogen cost was [4.52 yuan/m³].

IV. Hydrogen production from methanol

The transaction price range of methanol in north-east China was [2,360-2,570 yuan], with a decrease of 1%, and the average cost of hydrogen was [2.21 yuan/m³]

The transaction price range of methanol in east China was [2,270-2,380 yuan], with a decrease of 0.85%, and the average cost of hydrogen was [2.18 yuan/m³]

The transaction price range of methanol in central China was [2,190-2,500 yuan], with an increase of 0.215, and the average cost of hydrogen was [2.21 yuan/m³]

The transaction price range of methanol in north China was [2,110-2,320 yuan], with a decrease of 0.68%, and the average cost of hydrogen was [2.06 yuan/m³]

The transaction price range of methanol in south China was [2,340-2,370 yuan], with a decrease of 0.21%, and the average cost of hydrogen was [1.75 yuan/m³]

The transaction price range of methanol in north-west China was [1,810-2,140 yuan], with a decrease of 0.75%, and the average cost of hydrogen was [1.477 yuan/m³]

The transaction price range of methanol in south-west China was [2,220-2,430 yuan], with a decrease of 0.43%, and the average cost of hydrogen was [1.74 yuan/m³]