[SMM Daily Review of Hydrogen Cost] 20250521

I. Hydrogen Production from Coal

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

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

In Shanxi, the coke transaction range was [1,360-1,560 yuan], and the average cost of hydrogen was [1.4 yuan/m³].

In Henan, the coke transaction range was [1,420-1,420 yuan], and the average cost of hydrogen was [1.4 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 [4,710-5,020 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 [4,505-4,660 yuan], with a decrease of 1.03%, and the average cost of hydrogen was [1.98 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 [4,510-4,710 yuan], with a decrease of 2.12%, 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 [1.997 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 [4,350-4,640 yuan], with a decrease of 1.1%, and the average cost of hydrogen was [1.94 yuan/m³].

In Heilongjiang, the natural gas transaction range was [4,670-4,870 yuan], and the average cost of hydrogen was [2.06 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], 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], 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 [2,400-2,580 yuan], with an increase of 3.11%. The average hydrogen cost was [2.25 yuan/m³].

The methanol transaction range in east China was [2,290-2,400 yuan], with an average hydrogen cost of [2.166 yuan/m³].

The methanol transaction range in central China was [2,200-2,480 yuan], with an average hydrogen cost of [2.19 yuan/m³].

The methanol transaction range in north China was [2,090-2,310 yuan], with a decrease of 2%. The average hydrogen cost was [2.03 yuan/m³].

The methanol transaction range in south China was [2,350-2,370 yuan], with a decrease of 0.63%. The average hydrogen cost was [1.73 yuan/m³].

The methanol transaction range in north-west China was [1,830-2,150 yuan], with a decrease of 0.62%. The average hydrogen cost was [1.5 yuan/m³].

The methanol transaction range in south-west China was [2,240-2,430 yuan], with a decrease of 1.06%. The average hydrogen cost was [1.72 yuan/m³].