[SMM Daily Review of Hydrogen Cost] 20250523

I. Hydrogen Production from Coal

In Shandong, the coke transaction range was [1,200-1,210 yuan], and the average hydrogen cost was [1.23 yuan/m³].

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

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

In Henan, the coke transaction range was [1,420-1,420 yuan], and the average hydrogen cost 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 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 [2.26 yuan/m³].

In Shanxi, the natural gas transaction range was [4,410-4,460 yuan], and the average hydrogen cost was [2.06 yuan/m³].

In Hebei, the natural gas transaction range was [4,296-4,565 yuan], with a decrease of 0.88%, and the average hydrogen cost was [2.14 yuan/m³].

In Shandong, the natural gas transaction range was [4,480-4,660 yuan], with a decrease of 0.27%, and the average hydrogen cost was [1.97 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 [1.99 yuan/m³].

In Henan, the natural gas transaction range was [4,270-4,460 yuan], and the average hydrogen cost was [1.89 yuan/m³].

In Guizhou, the natural gas transaction range was [4,470-4,640 yuan], with a decrease of 0.98%, and the average hydrogen cost was [1.97 yuan/m³].

In Sichuan, the natural gas transaction range was [4,360-4,520 yuan], with an increase of 1.33%, and the average hydrogen cost was [1.92 yuan/m³].

In Zhejiang, the natural gas transaction range was [4,480-4,820 yuan], and the average hydrogen cost was [2.0 yuan/m³].

In Inner Mongolia, the natural gas transaction range was [4,190-4,460 yuan], with a decrease of 0.57%, and the average hydrogen cost was [1.87 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 [7,600-7,710 yuan], with a decrease of 0.46%, and the average hydrogen cost was [4.27 yuan/m³].

In Shandong, the propylene oxide transaction range was [7,550-7,600 yuan], with a decrease of 0.2%, and the average hydrogen cost was [4.25 yuan/m³].

In south China, the propylene oxide transaction range was [7,990-8,010 yuan], with a decrease of 1.23%, and the average hydrogen cost was [4.44 yuan/m³].

IV. Hydrogen production from methanol

The methanol transaction price range in north-east China was [2,350-2,580 yuan/ton], with an average hydrogen cost of [2.24 yuan/m³]

The methanol transaction price range in east China was [2,290-2,390 yuan/ton], a decrease of 0.65%, with an average hydrogen cost of [2.16 yuan/m³]

The methanol transaction price range in central China was [2,150-2,500 yuan/ton], a decrease of 0.85%, with an average hydrogen cost of [2.18 yuan/m³]

The methanol transaction price range in north China was [2,110-2,310 yuan/ton], a decrease of 0.23%, with an average hydrogen cost of [2.04 yuan/m³]

The methanol transaction price range in south China was [2,320-2,360 yuan/ton], a decrease of 0.64%, with an average hydrogen cost of [1.72 yuan/m³]

The methanol transaction price range in north-west China was [1,820-2,120 yuan/ton], a decrease of 0.25%, with an average hydrogen cost of [1.48 yuan/m³]

The methanol transaction price range in south-west China was [2,220-2,430 yuan/ton], with an average hydrogen cost of [1.71 yuan/m³]