[SMM Daily Review of Hydrogen Cost] 20250528

Published: May 29, 2025 21:40

I. Hydrogen Production from Coal

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

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

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

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

 

II. Hydrogen Production from Natural Gas

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

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

In Shanxi, the transaction range of natural gas was [3,990-4,300 yuan], with a decrease of 1.09%, and the average cost of hydrogen was [2.01 yuan/m³].

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

In Shandong, the transaction range of natural gas was [4,420-4,560 yuan], with a decrease of 0.66%, and the average cost of hydrogen was [1.95 yuan/m³].

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

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

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

In Guizhou, the transaction range of natural gas was [4,470-4,670 yuan], with a decrease of 0.33%, and the average cost of hydrogen was [2.07 yuan/m³].

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

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

In Inner Mongolia, the transaction range of natural gas was [4,190-4,420 yuan], and the average cost of hydrogen was [1.87 yuan/m³].

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

 

III. Hydrogen Production from Propane

In north-east China, the transaction range of propylene oxide was [7,470-7,500 yuan], with a decrease of 1.68%, and the average cost of hydrogen was [4.24 yuan/m³].

In east China, the transaction range of propylene oxide was [7,380-7,400 yuan], with a decrease of 1.79%, and the average cost of hydrogen was [4.12 yuan/m³].

In Shandong, the transaction range of propylene oxide was [7,260-7,320 yuan], with a decrease of 1.88%, and the average cost of hydrogen was [4.11 yuan/m³].

In south China, the transaction range of propylene oxide was [7,680-7,820 yuan], with a decrease of 1.52%, and the average cost of hydrogen was [4.34 yuan/m³].

 

IV. Hydrogen production from methanol

The transaction price range of methanol in north-east China was [2,180-2,590 yuan], with a decrease of 0.63%. The average cost of hydrogen was [2.18 yuan/m³].

The transaction price range of methanol in east China was [2,140-2,290 yuan], with a decrease of 1.56%. The average cost of hydrogen was [2.08 yuan/m³].

The transaction price range of methanol in central China was [2,080-2,400 yuan], with a decrease of 0.44%. The average cost of hydrogen was [2.13 yuan/m³].

The transaction price range of methanol in north China was [1,970-2,310 yuan], with a decrease of 2.28%. The average cost of hydrogen was [2.0 yuan/m³].

The transaction price range of methanol in south China was [2,290-2,310 yuan], with an increase of 1.55%. The average cost of hydrogen was [1.7 yuan/m³].

The transaction price range of methanol in north-west China was [1,655-2,100 yuan], with an increase of 0.54%. The average cost of hydrogen was [1.42 yuan/m³].

The transaction price range of methanol in south-west China was [2,160-2,440 yuan], with a decrease of 1.71%. The average cost of hydrogen was [1.69 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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