[SMM Daily Review of Hydrogen Cost] 20250522

Published: May 23, 2025 09:46

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]

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
[SMM Daily Review of Hydrogen Cost] 20250522 - Shanghai Metals Market (SMM)