[SMM Daily Review of Hydrogen Cost] 20250527

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 [4,080-4,300 yuan], with a decrease of 0.59%, and an average hydrogen cost of [2.0 yuan/m³].

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

In Shandong, the natural gas transaction range was [4,430-4,610 yuan], with a decrease of 1.09%, and an average hydrogen cost of [1.97 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 an average hydrogen cost of [1.85 yuan/m³].

In Guizhou, the natural gas transaction range was [4,440-4,730 yuan], with an increase of 0.55%, 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 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 [4,190-4,420 yuan], with a decrease of 0.46%, and 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 [7,590-7,630 yuan], with a decrease of 1.55%, and an average hydrogen cost of [4.24 yuan/m³].

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

In Shandong, the propylene oxide transaction range was [7,420-7,440 yuan], with a decrease of 1.33%, and an average hydrogen cost of [4.22 yuan/m³].

In south China, the propylene oxide transaction range was [7,820-7,920 yuan], with a decrease of 0.38%, and an average hydrogen cost of [4.39 yuan/m³].

IV. Hydrogen production from methanol

In north-east China, the methanol transaction range was [2210-2590 yuan], with a decrease of 2.64%, and the average cost of hydrogen was [2.19 yuan/m³].

In east China, the methanol transaction range was [2180-2320 yuan], with a decrease of 1.75%, and the average cost of hydrogen was [2.1 yuan/m³].

In central China, the methanol transaction range was [2080-2420 yuan], with a decrease of 1.96%, and the average cost of hydrogen was [2.14 yuan/m³].

In north China, the methanol transaction range was [2070-2310 yuan], with a decrease of 0.68%, and the average cost of hydrogen was [2.03 yuan/m³].

In south China, the methanol transaction range was [2260-2270 yuan], with a decrease of 2.58%, and the average cost of hydrogen was [1.67 yuan/m³].

In north-west China, the methanol transaction range was [1655-2080 yuan], with a decrease of 4.48%, and the average cost of hydrogen was [1.67 yuan/m³].

In south-west China, the methanol transaction range was [2240-2440 yuan], and the average cost of hydrogen was [1.72 yuan/m³].