[SMM Daily Review of Hydrogen Cost] 20250520

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1,200-1,210 yuan], with a decrease of 2.03%, and the average cost of hydrogen was [1.24 yuan/m³].

In Hebei, the coke transaction range was [1,240-1,320 yuan], with a decrease of 4.12%, and the average cost of hydrogen was [1.29 yuan/m³].

In Shanxi, the coke transaction range was [1,360-1,560 yuan], with a decrease of 3.63%, and the average cost of hydrogen was [1.42 yuan/m³].

In Henan, the coke transaction range was [1,420-1,420 yuan], with a decrease of 3.07%, and the average cost of hydrogen was [1.41 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 cost of hydrogen was [2.32 yuan/m³].

In Guangxi, the natural gas transaction range was [4,710-5,010 yuan], and the average cost of hydrogen was [2.28 yuan/m³].

In Shanxi, the natural gas transaction range was [4,220-4,460 yuan], and the average cost of hydrogen was [2.07 yuan/m³].

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

In Shandong, the natural gas transaction range was [4,540-4,720 yuan], with a decrease of 0.11%, and the average cost of hydrogen was [1.998 yuan/m³].

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

In Hubei, the natural gas transaction range was [4,610-4,810 yuan], and the average cost of hydrogen was [2.03 yuan/m³].

In Henan, the natural gas transaction range was [4,360-4,500 yuan], and the average cost of hydrogen was [1.92 yuan/m³].

In Guizhou, the natural gas transaction range was [4,500-4,750 yuan], and the average cost of hydrogen was [1.996 yuan/m³].

In Sichuan, the natural gas transaction range was [4,430-4,640 yuan], and the average cost of hydrogen was [1.96 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,530-4,810 yuan], and the average cost of hydrogen was [2.01 yuan/m³].

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

In Heilongjiang, the natural gas transaction range was [4,670-4,870 yuan], and the average cost of hydrogen 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 cost of hydrogen was [4.33 yuan/m³].

In east China, the propylene oxide transaction range was [7,670-7,710 yuan], with a decrease of 0.13%, and the average cost of hydrogen was [4.29 yuan/m³].

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

In south China, the propylene oxide transaction range was [8,080-8,120 yuan], with a decrease of 0.61%, and the average cost of hydrogen was [4.49 yuan/m³].

IV. Hydrogen production from methanol

The methanol transaction range in north-east China was [2,410-2,420 yuan/ton], with a decrease of 0.21%. The average cost of hydrogen was [2.2 yuan/m³].

The methanol transaction range in east China was [2,280-2,410 yuan/ton], with a decrease of 1.05%. The average cost of hydrogen was [2.166 yuan/m³].

The methanol transaction range in central China was [2,190-2,490 yuan/ton], with a decrease of 1.27%. The average cost of hydrogen was [2.19 yuan/m³].

The methanol transaction range in north China was [2,180-2,310 yuan/ton], and the average cost of hydrogen was [2.03 yuan/m³].

The methanol transaction range in south China was [2,360-2,390 yuan/ton], with a decrease of 0.84%. The average cost of hydrogen was [1.74 yuan/m³].

The methanol transaction range in north-west China was [1,845-2,160 yuan/ton], with an increase of 2.17%. The average cost of hydrogen was [1.5 yuan/m³].

The methanol transaction range in south-west China was [2,240-2,480 yuan/ton], with a decrease of 0.21%. The average cost of hydrogen was [1.733 yuan/m³].