[SMM Daily Review of Hydrogen Cost] 20250526

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]