[SMM Daily Review of Hydrogen Cost] 20250523

Published: May 29, 2025 21:16

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]

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.

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[SMM Daily Review of Hydrogen Cost] 20250523 - Shanghai Metals Market (SMM)