[SMM Daily Review of Hydrogen Cost] 20250528

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].