[SMM Daily Review of Hydrogen Cost] 20250526

Published: May 29, 2025 21:18

I. Hydrogen Production from Coal

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

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

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

In Henan, the coke transaction range was [1,420-1,420 yuan], with an average hydrogen cost of [1.4 yuan/m³].

 

II. Hydrogen Production from Natural Gas

In eastern Guangdong, the natural gas transaction range was [4,910-4,910 yuan], with an average hydrogen cost of [2.32 yuan/m³].

In Guangxi, the natural gas transaction range was [4,710-5,020 yuan], with an average hydrogen cost of [2.26 yuan/m³].

In Shanxi, the natural gas transaction range was [4,080-4,050 yuan], with a decrease of 2.09%, and an average hydrogen cost of [2.02 yuan/m³].

In Hebei, the natural gas transaction range was [4,250-4,515 yuan], with a decrease of 1.08%, and an average hydrogen cost of [2.12 yuan/m³].

In Shandong, the natural gas transaction range was [4,480-4,660 yuan], with an average hydrogen cost of [1.95 yuan/m³].

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

In Hubei, the natural gas transaction range was [4,510-4,710 yuan], with an average hydrogen cost of [1.99 yuan/m³].

In Henan, the natural gas transaction range was [4,200-4,350 yuan], with a decrease of 2.06%, and an average hydrogen cost of [1.85 yuan/m³].

In Guizhou, the natural gas transaction range was [4,440-4,680 yuan], with an increase of 0.11%, and an average hydrogen cost of [1.97 yuan/m³].

In Sichuan, the natural gas transaction range was [4,390-4,540 yuan], with an increase of 0.56%, and an average hydrogen cost of [1.93 yuan/m³].

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

In Inner Mongolia, the natural gas transaction range was [4,190-4,460 yuan], with an average hydrogen cost of [1.87 yuan/m³].

In Heilongjiang, the natural gas transaction range was [4,670-4,870 yuan], with an average hydrogen cost of [2.05 yuan/m³].

 

III. Hydrogen Production from Propane

In north-east China, the propylene oxide transaction range was [7,720-7,740 yuan], with a decrease of 0.58%, and an average hydrogen cost of [4.3 yuan/m³].

In east China, the propylene oxide transaction range was [7,500-7,550 yuan], with a decrease of 1.7%, and an average hydrogen cost of [4.2 yuan/m³].

In Shandong, the propylene oxide transaction range was [7,530-7,530 yuan], with a decrease of 0.59%, and an average hydrogen cost of [4.23 yuan/m³].

In south China, the propylene oxide transaction range was [7,900-7,900 yuan], with a decrease of 1.25%, and an average hydrogen cost of [4.39 yuan/m³].

 

IV. Hydrogen production from methanol

The methanol transaction range in north-east China was [2,340-2,590 yuan/ton], with an average hydrogen cost of [2.23 yuan/m³]

The methanol transaction range in east China was [2,220-2,360 yuan/ton], a decrease of 2.14%, with an average hydrogen cost of [2.13 yuan/m³]

The methanol transaction range in central China was [2,100-2,490 yuan/ton], a decrease of 1.29%, with an average hydrogen cost of [2.26 yuan/m³]

The methanol transaction range in north China was [2,090-2,320 yuan/ton], a decrease of 0.23%, with an average hydrogen cost of [2.03 yuan/m³]

The methanol transaction range in south China was [2,310-2,340 yuan/ton], a decrease of 0.64%, with an average hydrogen cost of [1.71 yuan/m³]

The methanol transaction range in north-west China was [1,830-2,080 yuan/ton], a decrease of 0.76%, with an average hydrogen cost of [1.47 yuan/m³]

The methanol transaction range in south-west China was [2,240-2,440 yuan/ton], an increase of 0.65%, with an average hydrogen cost of [1.72 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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